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This is applied when an individual has been living overseas and return to the UK or vice versa within a tax year.
the overseas income is taxed overseas unless remitted to the UK it is taxed on remittance basis.
the UK income is wholly taxed on arising basis. just remember to split the two sources of income and be mindful of the dates and apply the tax accordingly.
that’s how i understand it
It had to be instant messaging. That’s why I was proposing to meet in the p6 chatroom. I am free today from 6pm UK time. Let me know ur free time then we can start
Nobody replied to agree on time so am assuming everyone is comfortable studying on their own and I havent prepared anything. We cld go to P6 chat to discuss if there’s anyone interested to start this as soon as possible
for those who have shown interest in having group discussions we can start meeting in the P6 chat room. I propose that we take each section in turn and discuss the rules etc and probably do a question. I don’t know how long that will take us but we can discuss and see how comfortable and available everyone is.
proposed dates and topics are as follows:12 April- Income tax
19 April-Capital gains tax
26 April- Inheritance tax
3 May – Corporation Taxwe can give each other turns to lead per topic each session. this will mean the person leading should prepare for the questions and the areas to discuss. everyone is free to contribute to the items to be discussed and we all need to prepare to contribute to the discussions. We are all students and we need to learn from each other. The sessions will be in P6 chat room at agreed time- we will select the time corporately so that we accommodate everyone.
I am free from 2pm-10pm GMT on Saturdays
I will lead 1st on 12th April
if anyone is free now we can discuss this in the chat room p6 and come up with the appropriate time.
ThanksPlse search for acca p6 UK group and request to join then I can accept your request.
I have created a group for P6 UK please join so we could start our discussions.
I will start a group on here and will add you to it. How far have you gone with the studies and which text book r you using. Is it your first attempt? I am using bpp it’s my first attempt and am on chapter 5 now. Hope to hear from you both soon
I doing self study and i’ve always used bpp, the text books are well explained and easy to understand
Cld we please agree on time and method of communication, I think it will be best to use open tuition chat room as it has been done before with other groups. It will be easier since we all members
