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in chargeable gains for dinnah capital gain tax question
i have computed capital gain tax it was nil as it was deducted by annual exemption of 5000 i hope i m correct
where the second question was about when he will pay the vat and if the quarter is
jan feb & march, so the co. have to pay vat return and payment after 30 days,and the interest wud be charged at 3% annually prorated by monthsin vat i had sum problems,
the first question when they had to register was
the co. taxable supplies of 70000 were crossing in febraury and they had 30 days to inform hmrc and HMRC will consider them as registered from 1st april…i dont know if i m correct or not
in chargeable gains for dinnah…..
i have computed capital gain tax it was nil as it was deducted by annual exemption of 5000 i hope i m correct
i have a mistake in question in for bonus i added two bonus , will the examiner will deduct 1/2 mark for bonus, coz due to that my paye wud be wrong, income tax computatiion wud be wrong, and even balancing payment wud be differ, so wat do u think wat the examiner do anyone have idea by marking scheme
will there be marks for procedures, or for calculations
@louibee said:
Does anyone remember what they put for the first part of Q5 for 2 marks it said state the diff between CLT AND PETS for Inhert Tax purposes?i wrote that there is a lifetime tax on clt and no tax paid in life on pet
if the donor dies within 7 years time of gift made then additional tax on clt and a tax on pet followed by a taper relief, if donor dies after 7 years then pet is exempt from iht and clt additional tax is also not paid
this is wat i have writtenit was 19 for first question part a
and 11 for part bplease chk n qoute my other post and reply
PLEASE TELL ME ONE THING THAT 10100 ANNUAL EXEMPTION WUD BE FOR EACH AND EVERYONE INDIVIDUALS GAIN A,B,C,D ???I DID APPLIED FOR EACH N EVERY ONE
COZ SUM TOLD ME N CONFUSED ME THAT ONLY ONE TIME ITS APLIED TO FULL FIGURE FOR ALL GAINS OF ALL PARTNERS? PLEASE CLARIFYin chargeable gain
Alios shares part gain was qualified under enterprenuer relief ? i guess so
but it had also investment property which was taxable at 28%Bon didn’t gains qualifying for enterprenuer
Cherry was not an employee so no enterprenuer his basic rate band was exceeded to 40800 ?
so his half gain taxable at 18 and rest at 28%Dinnah holdin in co was 3% SO SHE DIDNT GOT ENTERPRENUER RELIEF
IHERITANCE PART IS IRREALEVANT IN DINNAH PARAGRAP I GUESS?PLEASE TELL ME ONE THING THAT 10100 ANNUAL EXEMPTION WUD BE FOR EACH AND EVERYONE A,B,C,D ???
COZ SUM TOLD ME N CONFUSED ME THAT ONLY ONE TIME ITS APLIED TO FULL FIGURE? PLEASE CLARIFYAND THE WHOLE GAIN COMPUTING WAS THRU TAKEOVER?
PLEASEEEEEEEE REPLY
@jwarrick6 said:
NS&I interest is tax free up to £15,000 per year.Only one bonus was assessable in 10/11 as they are assessed in the year of entitlement. As he was entitled to the first bonus on the 10/03/2010 it fell into the 09/10 tax year, not 10/11. Only £6,000 was part of the 10/11 employment income.
ns&i was exempt and gilts were gross riteee?
bonus i doubt?:SI got stucked in question 2 which was really tough corporation tax……
Question 1
part b
1) i computed 3300 salary in to 4 months 13200 then i computed class 1 nic ee & er
2) where as trading profit was concerned i took out profit for new partner dec to september profit by 20% residual profit
and then i did opening year rule 10/11 and 11/12 it was ongoing rulei wish i m correct
Both the bonuses were coming in the employment income ??? as both 6000 each were recieved in june 2010 earliest of entitlement date??? i wish i m correct
Ns&I interest was exempt as it was national serving certificate
where as Gilts were recieved gross
@marypromise said:
The exam is ok. For unemployment arising from a permanent fall in demand of a coy’s goods i chose Cyclical. Can somebody tell me about Hand’s Power culter?can u tell wat was the factr i dont remember about it
@jameelsjbn said:
i appeared in cbe F1 this month.
this one is tricky question.. i dont know situation
it will be structural if industry revolution is involved
it will be cyclical if no specified reason identified other than demandthe industry was specified in it…. i also choose structural
wat was the answer to Coaching mcq?
i have chosed a person developing strengths and weaknesses?
i dont knw if its correct or wrong plz reply
yes it was ok … not so hard….
i wud like to ask wats the relevant duty for procurement manager…i did JIT for rawmaterial inventory?
[/quote]People!!! u all are creating ANXIETY, i totally understand u want to discuss the paper n know the wrong u have done, i know that there is a positive side to it but please stop n think u r only creating stress to ur mind n negative thoughts INSTEAD start praying for what u want whether it is a pass mark or a certain percentage u wish for and leave the discussion part for a later date, say February??
Quote:agreeed
