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Chapter 5 – Capital Allowances – ACCA Taxation (TX-UK) lectures

VIVA

Reader Interactions

Comments

  1. nothemsworth says

    January 23, 2024 at 11:27 am

    Hello. I have a question. It is repeatedly said, “Show your workings”. What if I show my workings in the formula bar, and not in the actual cell? (talking about number workings only) If I include a note for the examiner saying, “All workings shown in the formula bar”, will that still count? Will I still get marks?

    Someone who has cleared the TX (UK) exam, please clear this for me. Thanks.

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    • Ameena25 says

      February 29, 2024 at 6:06 pm

      I think it would be better to show the workings in the cells itself instead of showing them in the formula bar.

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  2. lchyriwsky says

    November 29, 2023 at 2:37 pm

    Hi,

    Just wondering why in illustration 2 the buyer would claim 3% on the original cost and not the cost he has purchased for less land?

    Thanks in advance.

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  3. Fatimamunir says

    November 26, 2023 at 12:53 am

    Please also give lecture on advance taxation acca

    Log in to Reply
  4. DIlan says

    November 12, 2023 at 1:50 pm

    Can someone please explain me how did the (15/12) figure came in the answer of the motor car WDA in practice question 11 (Grace) ?
    Thank you

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  5. nickpiv24 says

    September 20, 2023 at 4:37 pm

    On example 6, the electric car is not stated as “new”, yet was given the FYA, why?

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  6. AllDebbie says

    July 5, 2023 at 6:12 am

    Hello I have a question, don’t we use WDA rates when the asset is going to be disposed off? Because I notice she doesn’t use WDA rates when wanting to dispose the asset

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  7. AllDebbie says

    July 5, 2023 at 6:11 am

    Please I have a question, don’t we use WDA rates when the asset is going to be disposed off? Because I notice she doesn’t use WDA rates when wanting to dispose the asset

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  8. abdul.aziz says

    April 19, 2023 at 12:22 pm

    Hi, thank you very much for the lectures. Can I please check why we only take 70% for the allowance in Example 2?

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    • abdul.aziz says

      April 19, 2023 at 12:40 pm

      Sorry ignore this – realised the cars are used for business purposes 70% of the time

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  9. benhur says

    April 16, 2023 at 5:29 pm

    Thanks for the lectures.On the lecture notes it is stated that a balancing adjustment will be made on the main or special pool on cessation of trade but in example 4 their is no mention of cessation but their is a balancing adjustment.
    Can you please clarify on that?

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    • incepaul says

      July 4, 2023 at 9:13 pm

      Because the disposal proceeds exceeded the TWDV i.e. the assets had been over relieved for tax purposes. therefore a balancing charge arises.

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  10. benhur says

    April 12, 2023 at 7:52 pm

    Great and easy to understand lectures,Thanks.

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