Sample Assessment 1 Task 11

darren100
darren100 AAT Student, AATQB Posts: 17
I am getting stuck on a question on sample assessment 1 Personal Tax Question 11 I have worked out the capital gains tax payable for each taxpayer apart from Donna I know the answer is 480 from the answers sheet but am unsure how to get to this figure with the information provided.

Comments

  • Nicola_Wilson1
    Nicola_Wilson1 Registered Posts: 5
    Hi Darren, did you ever figure this out? I have spent about an hour online looking for a solution. I have my exam tomorrow an this question has really through me.
  • darren100
    darren100 AAT Student, AATQB Posts: 17
    Yes some of the tax comes under the remaining users basic allowance and is at taxed at 10% and the remainder is at higher 20% i dont have the question in front of me that that is how it's done
  • Nicola_Wilson1
    Nicola_Wilson1 Registered Posts: 5
    Ah right, thanks. I will have a look again.
    Nikki
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