PTX - extension question

topcat

Hello,

here come my questions in there floods

stuck on understanding in this question why the extension for £32,000 has not been included as it is before the tax year April 6th 2014...

CeeJaySix

Topcat, it tells you right there in the answer. Property improvements are taken into account during their first FULL tax year, but not the year in which the expenditure was incurred.

topcat

CeeJaySix wrote: »

Topcat, it tells you right there in the answer. Property improvements are taken into account during their first FULL tax year, but not the year in which the expenditure was incurred.

Thanks CeeJay