Personal Tax: Practice Assessment 2 Question 1:3
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KAF
Registered Posts: 32
in Personal Tax
Hi,
Could somebody assist on how the loans figure ends up at 202 please?
Could somebody assist on how the loans figure ends up at 202 please?
0
Comments
-
Averaging method so loan interest is calculated on:
(5000 + 13000)/2 =9000 * HMRC rate (2.25%) = 202.50 Rounding can be in favour of tax payer -> 202AAT Level 4, MAAT
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Thank you for answering.0
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