PTX taxable bendit stuck!
topcat
Registered Posts: 452
Hi,
why is the answer £4640 not the one i have selected please when the annual value is higher?
Rent paid by employer =
(£420 × 12) = £5,040
Less: Rent paid by Cyd (£80 × 12)
(960)
––––––
Assessable benefit
–
2013/14
4,640
why is the answer £4640 not the one i have selected please when the annual value is higher?
Rent paid by employer =
(£420 × 12) = £5,040
Less: Rent paid by Cyd (£80 × 12)
(960)
––––––
Assessable benefit
–
2013/14
4,640
0
Comments
-
delete just sussed it!0
-
Hi topcat
how did u get the answer to this in the end??0 -
Hi EmJane
you take the higher of
- annual value (£5600) less rent paid by employee (12 x£80) = £4640
- rents paid by employer (12 x£420) less rent paid by employee (12 x£80) = £4080
Higher is £46400
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