brain fart PTC asset for private use and bought by employee

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taskey
taskey Registered Posts: 1,800 Beyond epic contributor 🧙‍♂️
can someone explain how this works as i am not making headway with this concept at all

i am doing june 09 paper and cannot understand why on 1.1 you do the working for 2008/9 and then add it back in again (the 480 for the music system)

everything else i can get but this is just not making sense

Thanks

Tracy

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  • jewels.p
    jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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    Its cause Jackie still has to be assessed for 6 months as this is the amount of time in that tax year that she had it before she bought it. So you add the 6 months she had it then take away the 6 months after she bought it.

    I got that wrong when I did it too!

    Your Title made me laugh!
  • taskey
    taskey Registered Posts: 1,800 Beyond epic contributor 🧙‍♂️
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    this is killing me, i am remembering bits of what goes where but it throws you off completly when i forget something.

    sitting here with my cherry lucozade in the hope it might increase brain activity.

    How re things going with you jules?
  • jewels.p
    jewels.p Registered Posts: 1,774 Beyond epic contributor 🧙‍♂️
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    taskey wrote: »
    this is killing me, i am remembering bits of what goes where but it throws you off completly when i forget something.

    sitting here with my cherry lucozade in the hope it might increase brain activity.

    How re things going with you jules?

    Not very good at revising for two subjects. I keep jumping back and forward and forgetting silly things. For example I was feeling pretty confident about Rec of Prof from Op to N.C.F until I did one yesterday and completely missed off the Depreciation cause I drummed it into my head to not forget Gain/Losses on Disposal so remembered that but forgot Depreciation! Aaaagh

    The Standards are a total (brain fart as you would say). Not a cats chance in hell of remembering any of that for the question!

    All in all....................I wish it was Friday afternoon!
  • taskey
    taskey Registered Posts: 1,800 Beyond epic contributor 🧙‍♂️
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    so do i, i have now forgotten how to do gift aid
  • twinmeister
    twinmeister Registered Posts: 122 Dedicated contributor 🦉
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    What is a brain fart?
    Will I be able to hear it in the exam room?
    Or are they silent and deadly?
    :)
  • taskey
    taskey Registered Posts: 1,800 Beyond epic contributor 🧙‍♂️
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    mine are usually followed by a huge "DUH!!!" sound from within once i have repeatedly hit myself for being a numpty lol
  • twinmeister
    twinmeister Registered Posts: 122 Dedicated contributor 🦉
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    Thanks for info.
    Now i know what happened to the girl next to me in yesterday's exam!
    Will advise that she chews the exam paper more thoroughly tomorrow. Hehe.
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