BT - Marginal relief formula

*Sarah*
*Sarah* Registered Posts: 172 Dedicated contributor 🦉
in AAT Level 4 (Level 8 in Scotland)
Hey

I am just looking over my notes before the BT exam tomorrow and I have noticed that the formula is slightly different in two sets of my notes.

The formula is = Fraction (11/400) x (M-P) x I/P

In one set of my notes I have down that 'I' is PCTCT and in the other it shows that 'I' is the FII. Could anyone clear this up for me?

Thanks :-)

Sarah

Comments

  • Yazi
    Yazi Registered Posts: 225 Dedicated contributor 🦉
    Hi

    'I' is PCTCT

    All the best for tomorrow. I will be glad when its all over.

    Yas
  • *Sarah*
    *Sarah* Registered Posts: 172 Dedicated contributor 🦉
    Thanks very much Yas! :-)

    Good luck for tomorrow too :-)

    Sarah x
  • bryan100
    bryan100 Registered Posts: 23 New contributor 🐸
    I is profit chargeable to CT, P is PCPVCT plus FII (UK divs grossed up)

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