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No wonder I ran out out time trying to work out the SSE on the building transferred and the degrouping charge. There was no gain to calculate. Who did you study or which books did you use. Did you know anything joint associates?
Sorry yes net proceeds I meant not net gain of course after taking of CGT of 28%
@sisir said:
Just confusing, snake or ladderYes sorry meant to say net proceeds as I have already taken of 28% CGT
The number of shares which I did not work out at the time due to time pressure which I have managed to work out now is 1041.68 shares x45 = 46876. Take off cost of purchase
1041.68 sharesx5=5208. This equals £41667. Take off CGT @28%=11667.
Net gain =£30,000Did anyone do Q4 I thought it was going to be easy but I think I messed it up Change of Accounting Date 16 months.
This is exactly true with me. I looked at the answers for the Dec-13 paper and was surprised I failed also and seem to remember that my answers were nearly exactly same. Let’s see what happens on 8 August 2014.
Hi Kasonde12
Is it possible to send me your notes of revision over 7 pages. This was my 3rd attempt. I got 45% previously and 40% this time. Even less than last time and yet I thought I had done more than last time and was expecting to pass. My email address is apmalik@talktalk.netThank you.
You are correct I messed up with type of due diligence report it is a fact finding report and so no sort of assurance is given.
I also put negative assurance it was the way the question was worded but on the back of my mind now I think I also stated that it was fact finding though.