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anyone taking p6 in this coming sitting? what are the changes in syllabus as compared to June sitting? Thanks
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I’m doing P6 for dec 2014. On PYQ. Very helpful. Sitting all the way in cape town. Didnt attend any classes. I dont think so there is changes. Changes will only be applicable in june 2015 exam. I bought Choong Kwai Fatt’s textbook on advance taxation. Been helpful. Of coz with technicle articles
Choong Kwai Fatt’s textbook got many incentive such as incentive on RAPID, marginal field, abandoned housing project, merger and acquisition. Do these incentive need to be learned?
or just learn past years….pioneer status, ITA, RA, increase in export, RPGT, RPC, group relief, lease, unit trust, IHC?
I know nothing of your first sentence.
Your second sentence, yes I’m ready for them though I’m still blur on rpgt
I’ve tried all the pyqs. Only RDC, mining has come out as an unexpected topic.
So, really hoping for ita, ra, ihc, pioneer
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What is the way to calculate RPGT now?
Still follow the last one?Exemption [pursuant to PU order 434 of 2011]
[(CG x tax rate ) – (CG x 5%) / (CG x tax rate )] x CG??OR
CG x Tax rate (which there are differ between individual and company?)I think is the second one..
Is there any other changes? I didn’t learn new thing, just learn last sem notes…
Q5…rpgt. didnt touch at all. I was upset with question 1. Didnt waste time, proceeded with q3, 4, 2 then 1. Couldn’t write much. Finished 5 mins before exam.
Is question 1 pioneer status, ita,ra… it say R&D Is promoted activity….. but no figures to compute or do calculation…
Which rpgt rate do u choose…
Question 3, reit compute… i just add back depreciation n trustees fee, Is that all or got other calculation?
I did one question on r&d. Double deduction on direct research expenses. Capex is not allowed. I checked in choong kwai fatt text…it was under pioneer. No idea what calculation they were talking about.
I didn’t do RPGT. I ignored q5. Did…Q1,2,3,4.
Q3 reit…I did the same adding trustees fees and depn. Interest and dividend income are exempted.
Q2 is about…raising capital through few ways. Tax deductibility of the interest incurred on them.
Then purchase fixed asset through 3 methods. This was a PYQ. Whether there’s any CA, if the payments are tax deductible, what is the CA rate etc.
Then the HoldCo….is a IHC….difference between listed and unlisted IHC.
I was upset with Q1 n 2. So I did 3 n 4 first. Then Q2 seems ok. Q1 terrible. Overall 97% theory paper. Lots of PYQ repeated in a different way.
Pass or not…only God Knows
hate myself >.< i forget all about reit div and int….just adding back depreciation n trustee fee only ahhh…and about the raising capital T.T forget again the rate of CA……the question 1 Double deduction on direct research expenses. Capex is not allowed. tis is past yr question right? i forgot again n again!!!
which page is it in choong kwai fatt book? the question 1 r&d?
found it already… under f, double deduction for research exp…chooong kwai fatt book
acca website got publish our dec 2014 question already
10million—S34A- non allowable expenditure..capital expenditure on plt& machinery,fixtures etc
(no deduction)8million–S34A–double deduction of revenue exp for approved research projects undertaken by a company either in-house or contracted to external research co.
(in house: 8×2=16deduction)15m–S34B(1)(b)– double deduction for the use of facilities & services provided by approved research co..
(outsource: 8×2=16deduction)and about legal exp…
(why taxable)—choong kwai fatt chpt 2 compensation for breach of contract…sale contract–revenue receipt=taxable…fill hole of profit/in ordinary course of biz(when liability arise)—is it possible like june 2012 question 1(ii)
(impact tax estimate, action)—is it like june 2014 question 4c
about the (r&d )—–june 2012 question 1(ii)
about (legal exp)—dec 2012
finding my class note F6—legal exp
(not really sure the ans, i guess)
renew existing contract—deductible
renew loan—d
trade debt—d
breach of contract—-dQ2 (a) method raise capital
incidental exp, interest exp—-june 2010 Q5(a), june 2013 Q1(a)
control over interest rate —-june 2013 Q1(b)(b) method financing—june 2013 Q1(c)
(c) IHC—dec 2012 Q1(i) & (ii) see the explanation in words
Q3 (a) basis period don’t know where to find
(b)(i) reit —- june 2011 Q4(a)
(ii) tax payable—NIL —see the calculated ans for june 2011 Q4(a) computation(c)(i)(ii)—-june 2011 Q4(b)
Sad T.T really hate myself …why question 1 i forgot it, question 2 forget a bit here a bit there & the CA rate forget to write….and question 3, feel want to knock my head on the wall, i just forget to deduct interest inc and deduct dividend inc, and forget to copy all deductible exp and write NIL and forget also to add back interest & dividend inc at NIL…i write the total amount…really forget all… >.< sad!!!
https://www.accaglobal.com/content/dam/acca/global/PDF-students/2012s/sa_oct12_p6mys_rpgt_2.pdf
Q5 RPGT(a)— RPGT technical article
—-embarkment completely washed away —-enhancement cost=NIL(example 2)
—-allowable loss
(b)—dont know where to find ans
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