Stumped on personal tax

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I cannot see in the osborne books how an answer has been arrived at.
The question is on page 7.14.
My question revolves around the tax completion on page7.18.
In box 30 they have 25,500.
I can only get to £25,000 by way of 5,000+6,000+14,000=25,000.
I am probably missing something,but i am not sure what.

Thanks

Comments

  • reader
    reader Registered Posts: 1,037 Beyond epic contributor 🧙‍♂️
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    omega man wrote: »
    I cannot see in the osborne books how an answer has been arrived at.
    The question is on page 7.14.
    My question revolves around the tax completion on page7.18.
    In box 30 they have 25,500.
    I can only get to £25,000 by way of 5,000+6,000+14,000=25,000.
    I am probably missing something,but i am not sure what.

    Thanks

    I'm happy to help if you're able to type out the question (I done this exam back in December 2010 with the Kaplan texts).
  • MarieNoelle
    MarieNoelle Registered, Moderator Posts: 1,368
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    Hi,
    I have just had a look and the answer is set out in task 4 on page 7.14 (Ptax tutorial 2011/12). If you add up the costs (5,000 + 3,500 + 14,000 = 22,500) this is what I have in box 30 - Maybe you used the 6,000 (to restrict the gain - chattels rule)?
  • omega man
    omega man Registered Posts: 283
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    No my book says 25,500 not 22,500
  • MarieNoelle
    MarieNoelle Registered, Moderator Posts: 1,368
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    Hi again,
    which book are you working on? Maybe as suggested before if you type out the question we can try to help?
  • coojee
    coojee Registered Posts: 794 Epic contributor 🐘
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    omega man wrote: »
    No my book says 25,500 not 22,500

    My book says 22,500 maybe you've got a different version of the book with an error in it.
  • welshwizard
    welshwizard Registered Posts: 465 Dedicated contributor 🦉
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    Put the question up and someone will help you.
  • omega man
    omega man Registered Posts: 283
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    Looks like its a misprint as i agree with £22,500.
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