Chapter 6 – Trading Profit – Basis Periods – ACCA Taxation (TX-UK) lectures
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Thanks for all the brill lectures
Why cant we start with a current year basis straight away when starting to trade
In the practice question 11 (Grace) the car purchased on 1 May 2022 is owned for 8 months out of the first 15 month accounting period. Why in the solution is the WDA time apportioned to 15/12?
why did we calculate motor expenses differently on cash basis?
in example 7 we take the full 8000 as Capital Allowance. shouldn’t it be covered by AIA?
AIA has been used in full for the equipment (£8000). Main pool WDA @18% for the business use element of the car has also been applied (£1296). If you use the long form proforma computation you will arrive at the same answer.
there is mistake in Part 2 at 25:11. In the tax year 22/23 the dates should 6.4.22 to 5.4.23. Thanks for the lecture 🙂
I thought I was the only one who noticed. But yeah there is.
thanks altane 🙂
Hello,
Just on these practice questions, you mention in the last sentence of part 4 above, where exactly can I find them, please?
Hi, they are located in the notes (in pdf format), the practice questions start at page 293 of 360, you can scroll down to chapter 6 and find the questions that were mentioned in the video, further below in the document, you can also find the answers to those same questions.