PTX - extension question

topcat
topcat Trusted RegularRegistered Posts: 452
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...


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Comments

  • CeeJaySix
    CeeJaySix Well-Known Registered Posts: 645
    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
    topcat Trusted Regular Registered Posts: 452
    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 :)
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