gagbo posted on the forum topic Paper F6 Dec 2010 exam was … Post your comments here in the group F6 Taxation: 3 years, 4 months ago
I felt good – hopeful – after the 15 minutes reading time. But the hall (Alexandra Palace) was so cold I was freezing by the time I knew it. Eventually, succumbed to nature’s call and to warm my hands in hot water in the loo. Managed to answer only 3 questions.
Section393(A) – (see answer to the June 2010 Q2(a)) ii – y/e 31 March 2010 loss relief. After current year relief against property business profit of £40,000. Carry back was claimed against y/e 31 March 2009 of £63400 and y/e 31 March £31800 and period ended 31 March 2007 of the balance of £18200. My [...]
gagbo posted on the forum topic Capital Allowances – When is FYA @ 40% allowed on plant & machinery? in the group F6 Taxation: 3 years, 11 months ago
100% FYA is still available on motor cars with low emission, less than or equals 110 C02 gram per km. In addition, as acltang72 said, temporary FYA is available where a company buys an asset qualifying for AIA, e.g. plant & machinery, greater than £50,000.00, the excess could be relieved via FYA at 40%. Note [...]