Forum Replies Created
- Posts
@cuteleo110 said:
Well same suggestion for all..
practice practice and practice but not blind practice…
study on daily basis..What do you mean by blind practice ?
I think it is a right decision !! I am doing P4 and P5 this time and I am really scared of P4 !! But thanks to Cuteleo110 I believe there is a chance for a pass : )
Bomber
Do you work ? Because if you do I would suggest to do only two papers. People say that P4 is a very difficult one and P2 is not a very easy one.
Hi
I wish I could go for a full course but unfortunately I can’t.
I decided to read at home and then buy revision course. I hope it will be enough. Obviously I will practice and I hope it will be enough.
Being honet when I read people’s comments about P4 I feel like I shoudl choose other subject !!!
Hi
What do you mean by adjustment for VAT in trading profits. Trading profits were exclusive of Vat and if I am thinking right there shouldnt be any sdjustements for vat in trading profits.
If we look at this paper the story is very similar. 10 separate marks for VAT and an adjustment of VAT in trading profits so maximum of 15 marks for VAT. We have 10 marks on self assessment in Q4(tax avoidance/evasion and your personal stand on the matter had nothing to do with self assessment and were infact free marks), then we have a maximum of 5 marks on company self assessment in Q5.
I thought that in this case there was a capital loss of £ 133000 ( 36000 – 169000)
@platinumkp said:
You defer the gain to a future period. It’s a fancy way of saying rollover or holdover. If you understand the theory of it. Say you reduce the base cost and in the future you get the same proceeds, you will not be taxed today but will be taxed when you finally rid of the asset for that portion that was attributable to relief. Therefore, you “defer” the gain to a future period.In this case, it was a damage to property which would be eligible for deferment if the proceeds are reinvested within 12 months from the date of disposal.