Q2016 - Level 4 - Personal Tax - Practice assessment - Task 9.c

ep2022

Q2016 - Level 4 - Personal Tax - Practice assessment - Task 9.c

Please could someone explain how did they get the answer to Task 9.c in practice assessment 1.

PeterC

Good question. The only deductible costs I can see are: £32,000 purchase price, £3,200 commission (10%) and £1,200 advertising. This totals £36,400. The insurance is not a capital transaction.