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Gp55229 Form

Gp55229 Form

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in this lecture example we look at how to determine what the basic amount is so guys remember this is all principal driven so we start with X limited has a December year end and the information below pertains to the 2008 or 2x8 year okay so January until December the first provisional tax payment is due six months into the year 30 June right and the second is due on the last day of the tax year so let's take a look at it information below to to the 20x 8 year right X limited received notice of its assessment for the 2x7 year on the 20th of June 2088 the taxable income was 1.5 million and included taxable capital gain of 200,000 exit received notice of its assessment for his 26 year on the 21st of April 27 taxable income was 1450 a exited plans on paying the first provisional tax payment on the 30th of June what is the basic amount that they will use for this right so on the 30th of June 20 X8 we want to now do this calculation okay so see now the logic behind us we are doing it

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