• Skip to primary navigation
  • Skip to main content
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA TX (TX-UK):
  • Study Guide
  • TX-UK notes
  • TX-UK Lectures
  • Flashcards
  • TX Forums
  • Ask the Tutor
  • Ask AI (New!)

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Chapter 17 – Long Period of Account – ACCA Taxation (TX-UK) lectures

VIVA

Reader Interactions

Comments

  1. nedimalimehmet says

    October 27, 2023 at 11:23 am

    hello, i dont understand why you claimed AIA on the vehicle? (68000) thanks

    Log in to Reply
  2. Somtee says

    August 22, 2023 at 2:26 am

    Why wasn’t the 50% of the balancing figure of £60,000 prorated by 3/12?

    Log in to Reply
  3. yealie01 says

    April 18, 2023 at 6:55 am

    Hello Jo,
    Thanks a lot for the videos.

    Could you please explain the long life assets costing GBP 310,000 was dealt with? I didn’t see it in the workings Also, in the last line under ‘3 months to 30 June 2023’, could you please explain where ‘FYA (50% x GBP 60,000)’ comes from?

    Thank you.

    Log in to Reply
    • yealie01 says

      April 18, 2023 at 6:59 am

      Where does £60,000 come from?

      Log in to Reply
      • law143 says

        April 22, 2023 at 10:04 pm

        The long life assets of £310K were dealt with in the special rate pool. We are only allowed to claim 3/12 of AIA. Hence, £250K. The remaining £60K (£310 less £250K) can be claimed under FYA at 50%.

      • deepak@anand says

        August 16, 2023 at 1:47 pm

        As in the question is given that “additional assets of £310,000″ , As AIA is time apportioned *3/12 So AIA available for 3 month =£250,000 and it will be used against £310,000 And the remaining Amount in the pool (i.e, £310,000 – £250,000= £60,000) will be eligible to clain FYA(£60,000*50%).
        (To use GBP symobol PRESS ” ALT key and 0163″)

  4. Inal says

    April 2, 2023 at 12:10 pm

    Thank you for the lectures, they are very valuable in preparation for the exam!

    Would you please clarify why when calculating capital allowance for sole trader the AIA applies to all expenditure on plant and machinery except cars (p49 or notes), and when working with corporate tax second hand van is subject to AIA 100%?

    Many thanks

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in