Personal tax help again
Priti
Registered Posts: 15 Dedicated contributor 🦉
Hi
I seem to be struggling with personal tax, i sat my exam last june and failed, ive found the 2 recent papers different to the old papers online, i cant seem to get my head around the 2011 paper.
Could any please help me with the below questions
An employee has a salary of £28,500. He was given the use of a house in December 2099, that cost the employer £198,000. The annual value of the house is £5,700. The house contained furniture that cost the employer £3,000. The employer also paid for all ancillery services, which cost £3,200 for 2010/11
a. The assesable benefit in kind for the use of the house for 2010/11 is ... £10,620
b. The assesable benefit in kind for the use of the furniture and the ancillary services for 2010 is... £3,800
I cant get the answers.
Any help would be great.
Thanks
Priti
I seem to be struggling with personal tax, i sat my exam last june and failed, ive found the 2 recent papers different to the old papers online, i cant seem to get my head around the 2011 paper.
Could any please help me with the below questions
An employee has a salary of £28,500. He was given the use of a house in December 2099, that cost the employer £198,000. The annual value of the house is £5,700. The house contained furniture that cost the employer £3,000. The employer also paid for all ancillery services, which cost £3,200 for 2010/11
a. The assesable benefit in kind for the use of the house for 2010/11 is ... £10,620
b. The assesable benefit in kind for the use of the furniture and the ancillary services for 2010 is... £3,800
I cant get the answers.
Any help would be great.
Thanks
Priti
0
Comments
-
hi priti
a. The assesable benefit in kind for the use of the house for 2010/11 is ... £10,620 annual value 5700+ 4920 (198000-75000) x 4% is expensive accomodation charge
b. The assesable benefit in kind for the use of the furniture and the ancillary services for 2010 is... £3,800(ancillery services £3,200 + 600 which is 20% of 3000furniture cost)
hope this helps you0 -
Hi Ann
Makes sense, thanks for your help, much appreciated0
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