How to solve this: On 30 June 2023 Sam assigned the lease of a building that had been acquired as an investment for £35,750; the lease expires on 30 June 2039. He had acquired the lease for £12,000 on 1 January 2015 and the building has never been used as her principal private residence. The relevant percentages from the lease percentage table are as follows: 16 years 64.116 24 years 79.622 25 years 81.100 Required: Calculate Sam's gain or loss on the assignment.
Basis period is short but frequently examined as it causes so much trouble for us students......this video is by far the clearest and most helpful.....Sir i salute you!!! #gratitude
I couldn’t get my head round this and was struggling to remember it all but you made it so easy, thank you 🙂 I’m due to sit my AAT personal tax exam soon. Wish you had more tutorials 😢
Hi Omar thanks a million for the video My question is' if business for Acc period is 01 Jan to 31 dec 20 with acc profit of 10000£ And company ceases to trade on 01 June 21 with accounting profit of 5000£ what would be the treatment for 2020/21 And for 21/22