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AGD Co, December 2005

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › AGD Co, December 2005

  • This topic has 3 replies, 2 voices, and was last updated 6 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • April 27, 2019 at 12:49 pm #514307
    1acca1
    Member
    • Topics: 16
    • Replies: 12
    • ☆

    I can not understand why the lease taxation of the leasing started from year two and not from year 1. I understant that lease payments are paid in advance, and therefore they start from year 0. Tax is paid one year in arrrears, and so tax should be under year 1, right?

    Thanks

    April 27, 2019 at 10:06 pm #514361
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54700
    • ☆☆☆☆☆

    I do explain this in detail in my free lectures on lease and buy.

    The lease payment is made at the start of the year, this affect the tax computation at the end of the year, and the tax saving is made one year after the end of the year. i.e. two years since the lease payment.

    I do suggest that you watch my free lectures on this.

    The lectures are a complete free course for Paper FM and cover everything needed to be able to pass the exam well.

    April 28, 2019 at 8:03 am #514409
    1acca1
    Member
    • Topics: 16
    • Replies: 12
    • ☆

    thanks

    April 29, 2019 at 2:09 pm #514491
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54700
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘AGD Co, December 2005’ is closed to new replies.

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