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@Koushik
you had the same exam, good to see i got the same point on most of your brief points above so fingers crossed i did ok
ryanwilkes1985 wrote:Corporation tax question I had, had rollover relief at under sale so gain chargeable now is lower of proceeds not reinvested and total chargeable gain. It also had a chargeable gain group sale so nil gain nil loss. It was v tricky. Not like anything in the book.
I had this and struggled, i couldnt grasp the ROR, i got the no gain no loss and the company made a property loss which i offset in the year, cant change anything now but i agree nothing like that in the Kaplan exam kit
Burningdesire wrote:Did you guys click did not qualify for ir or er relief in that question in MCQ question?
i guessed qual for both
If i recall correctly it asked for total taxable income, so after the personal allowance, which was 0 as it exceeded 150k income
Ah thanks John, shame I’ve not got full marks there then, I also had a multiple choice question were the following was given:
it said the value of right per share is 0.40 and the current share price is $7 rights issue of 1:4 what is terp and what is rights price.
Initially I did the rights price as 6.60 as I thought was mv-rights but then for the terp I couldn’t get an answer to be one of the selections.
I then took it as 0.40 per share and 4 shares so rights price was 5.40 and terp was 6.60 after my calc, hoping this is right as it threw me