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ACCA F6 UK lectures Download F6 notes
January 31, 2016 at 1:09 pm
Brilliant lecture but a quick question about example 4:
Matthew starts trading on 1st August 2013, so how did the first period get a loss of £20k for 10 months? If trading started in August then the loss would be for 8 months.
Not sure if I am forgetting something about opening year rules or if its the way the question is worded.
January 31, 2016 at 1:16 pm
Actually ignore my question. tax y/e is March not May thats why 8 months are used
December 2, 2015 at 11:37 am
Can you please advice how we should explain the loss reliefs available to us? Is it the same as given in the answers or are we required to expand?
May 9, 2015 at 8:44 pm
answer to example 4:
could you explain me why you are taking full 48,000 as the profit of 2015/16. 2,000 of this has been used in the previous tax year’s profit/loss calculation also. Why we are not deducting that 2,000 from 48,000 in 2015/16 profit calculation..
May 20, 2015 at 3:03 pm
For CYB 2015, the 48000 is asses-able. What has already been assessed (i.e. 2000) in the previous year gets reassessed this year because this is the year from which the CYB assessment begins for this new firm .
Upon cessation of trade this Overlapped profit of 2000 gets relieved. Refer to Cash Based Period lectures for more clarity on this one 🙂
May 20, 2015 at 3:05 pm
Trading Profit Basis lectures*
(my bad Im sorry)
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