BT - Marginal relief formula

[*Sarah*]

Hey

I am just looking over my notes before the BT exam tomorrow and I have noticed that the formula is slightly different in two sets of my notes.

The formula is = Fraction (11/400) x (M-P) x I/P

In one set of my notes I have down that 'I' is PCTCT and in the other it shows that 'I' is the FII. Could anyone clear this up for me?

Thanks :-)

Sarah

[Yazi]

Hi

'I' is PCTCT

All the best for tomorrow. I will be glad when its all over.

Yas

[*Sarah*]

Thanks very much Yas! :-)

Good luck for tomorrow too :-)

Sarah x

[bryan100]

I is profit chargeable to CT, P is PCPVCT plus FII (UK divs grossed up)