OpenTuition | ACCA | CIMA
Free ACCA and CIMA on line courses | Free ACCA, CIMA, FIA Notes, Lectures, Tests and Forums
Spread the word
Please spread the word so more students can benefit from our study materials.
If you have found OpenTuition useful, please donate
June 24, 2020 at 1:22 pm
at the accrued income scheme, the notes talked about the purchaser and the difference balance which will be assessed but what about the seller since we said no CGT on disposal and that’s it ?
If anyone can answer me, it will be appreciated.
January 12, 2021 at 10:26 am
Let’s say the security is sold at month 5 as stated in the notes, then the seller will be pay tax for the accrued interest for the 5 months, and the buyer will pay tax for the remaining months till the tax year ends.
March 12, 2020 at 5:28 am
First of all, I would like to express my full gratitude, thanks and appreciation for the tremendous effort made by the entire team of OPENTUITION. And I would like to draw your attention that, for example # 5, I think that the answer to the question is 2800 (with all my respects to the instructor as human mistakes happens with everyone), so I kindly ask you to comment on this because it is of benefit to everyone.
With all my Respect & warm Regards
March 13, 2020 at 9:53 pm
Agree. £200 Non -Saving Income Tax liability
Add: £2600 Saving Income Tax Liability
£2800. Total Income Tax Liability
July 27, 2020 at 8:42 am
Agree, so it is shall be 2,800
March 9, 2020 at 4:37 am
Thank you sir for the wonderful class
February 19, 2020 at 11:12 pm
Example 5 needs to be clarified as you have said total is 2600 but have explained the 1000 is taxed at 20% which total 2800
April 23, 2020 at 9:27 pm
I agree to the same, Example 5 needs clarification, £1000 is taxed at 0% therefore the total will be 2600 which looks right then.
May 21, 2020 at 9:22 am
@Dhanwanti You’re just contradicting your own statement there!
You must be logged in to post a comment.