Stumped on personal tax

omega man

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

reader

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

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

No my book says 25,500 not 22,500

MarieNoelle

Hi again,
which book are you working on? Maybe as suggested before if you type out the question we can try to help?

coojee

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

Put the question up and someone will help you.

omega man

Looks like its a misprint as i agree with £22,500.