Thanks for all the brill lectures
Why cant we start with a current year basis straight away when starting to trade
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Seniha·
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?
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Nedim·
why did we calculate motor expenses differently on cash basis?
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Annie·
in example 7 we take the full 8000 as Capital Allowance. shouldn't it be covered by AIA?
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incepaul·
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.
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arfeenbajwa·
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 :)
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Deborah·
I thought I was the only one who noticed. But yeah there is.
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ewasarenka·
thanks altane :)
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ewasarenka·
Hello,
Just on these practice questions, you mention in the last sentence of part 4 above, where exactly can I find them, please?
Why cant we start with a current year basis straight away when starting to trade
Just on these practice questions, you mention in the last sentence of part 4 above, where exactly can I find them, please?