I am actually studying for Advanced taxation in the September diet exam and realize there’s only TX available on OpenTuition. Can I still use the lectures and study notes to study for the exam even though it’s not ATX?
When solving for Giles why did we include bank interest as an expense? I thought it was a non allowable expense and the relief is only given as 20% taken of the tax..
Junaidudhin says
In the example 1 (Jeremy’s Tax Adjusted Trading Profits, can you confirm where is the purchase of new shop of 1,200 considered from?
Dead0k says
this section was overloaded but anyways thank you
MzGold says
I am actually studying for Advanced taxation in the September diet exam and realize there’s only TX available on OpenTuition.
Can I still use the lectures and study notes to study for the exam even though it’s not ATX?
d.j.wells81@gmail.com says
In the last example, why is it fine that 3 employee’s get a Christmas party of £630? I thought the allowance is £150 per head?
AwaisRaza says
The notes (pg. 45) and these video lectures doesn’t mention any limit on entertaining the employees.
benhur says
In example 1,why did we add back the legal fees for the purchase of the clothing shop?
Zamanguni says
because the legal fees are related to a capital item
ruth.bassey311@gmail.com says
When solving for Giles why did we include bank interest as an expense? I thought it was a non allowable expense and the relief is only given as 20% taken of the tax..
AwaisRaza says
Check the notes, pg. 45 sec. 2.2. (g)
Marcellin says
Thanks