ptc questions
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Did anyone else get 'nil' as the answer for both the last two questions?<BR>
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ptc questions
nope!!!!<BR>But i really wish I had<BR>I forgot about the allowances<BR>bugger!!0 -
ptc questions
I got nil for the first one but 1117 I think for the second! Found it really confusing0 -
ptc questions
I got nil for the first and something small for the 2nd! <BR><BR>Weird exam today, not sure how i've done anymore.0 -
ptc questions
nil for second, nearly nil for other one but decided you dont use personal allowance on it? so got below 1k for second. then by 10%0 -
ptc questions
I got nil for the income tax and just over 1000 for chargable gain and then 10% so about 100 of tax due. <BR><BR>For the first section regarding the accomodation in the City I waffled on about the annual value of the property is taxable, and 10% on value for anything over 75k if the employer owns it. Then in addition to that any expenses, and also 20% of the value of the furniture.<BR><BR>0 -
ptc questions
I got nil for both, as there was some unused amounts left from £4,615 - dont know whether you can use this or not - <BR>0 -
ptc questions
I got nil for income tax and £107. something for capital gains tax due. As far as I'm aware you cant use the 4615 personal allowance against capital gains.0 -
ptc questions
That's correct, the personal allowance is for Income Tax not CGT0 -
ptc questions
I got the same as Sue! Nil in first and 1117 x 10% = CGT. I think.....0 -
ptc questions
the personal allowance as said isnt for cgt, i couldnt decide if it was this morning but its just dawned on me that your annual exemption is like a pa on the cgt!0