Help please with PTC
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Hi im doing june 05 ptc,
the question 1.6 regarding scheduleA income says he rented out a furnished flat from december04 for 1000 a month.
I worked that out as 1000 less 10% wear n tear X 4months to get£3600.
However the answer says :
£1000 less 10% x 4 months x 3 = £10,800
I dont understand why they times it by 3 (i know it makes 12 months but he only rented it for 4months in that tax year)
PLease help
the question 1.6 regarding scheduleA income says he rented out a furnished flat from december04 for 1000 a month.
I worked that out as 1000 less 10% wear n tear X 4months to get£3600.
However the answer says :
£1000 less 10% x 4 months x 3 = £10,800
I dont understand why they times it by 3 (i know it makes 12 months but he only rented it for 4months in that tax year)
PLease help
0
Comments
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Re:Help please with PTC
Hi,
Just had a look at the paper for you.
It's because he bought 3 flats on 1 December 2004 that's why they multiplied it by 3.
Best regards
Steve0 -
Re:Help please with PTC
is the 10% not for the agents fee on each flat, i thought you could only deduct the 10% wear and tear if it is furnished?0