Urgent - Assessment 2 Task 1.3

eandre0 Registered Posts: 1
Can someone help me with this one question on the 2nd Practice Assessment task 1.3? I have my exam tomorrow and it's this one question I cannot seem to answer.

Foday had receieved a loan of £5,000 on Jan 1st 2020. He recieved a second loan of £8,000 on 1st December 2020. The Loans are interest free and he has not made any repayments. What is the taxable amount?

Thanks in advance


Sign In or Register to comment.

Not registered?

Register to create your free account, talk to AAT members and start your own discussions.

Privacy Policy