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Chapter 15 Corporation tax TX-UK FA2023

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  1. I have a problem with the way you solved the capital allowance question. You have always calculated your balancing charge as positive. While you allowances are negative. However you did something different in this question nd that confused me….you solved it the way that kaplan does nd put your balancing charge as negative

  2. Hi! In case someone noticed in part 2 Illustration 2 the video suddenly cuts when teacher Jill is about to explain the computation with regards in Marginal relief and so if you look at the computation there and put it in your calculator you will not get the 589. And I got confused why only the augmented profit will be time apportioned. Instead of Time apportioning all(Upper limit, TTP and augmented profit) we time apportioned it in total amount. So I guess, there should be a parenthesis or a bracket to know that it is for the total amount. I don’t know if it just me hehe

    • Hi there.

      Video also cut for me, but i believe there was a miscalculation in the video (the fraction of 3/200 was calculated twice).

      If you just do =(250,000-196,000)*3/200*190,000/196,000
      You will get a marginal relief of £785 for a whole year. Then i divided it by 12 and multiplied by 9 and got the figure Mrs Jill had on her illustration.

      Good luck to us in the exam! How is the studying going for you?

    • Hi in the note before Accounting period straddling 1 April 2023.. it stated that it is easier to time apportion the overall marginal relief calculation rather than time apportioning each separate figure. So I guess that is the reason. Hope this helps!

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