[irene]

Any comment on above ans? Is it relevant?

[irene]

https://www.accaglobal.com/content/dam/acca/global/PDF-students/2012s/sa_oct12_p6mys_rpgt_2.pdf

Q5 RPGT(a)— RPGT technical article

—-embarkment completely washed away —-enhancement cost=NIL(example 2)

—-allowable loss

(b)—dont know where to find ans

[irene]

Q3 (a) basis period don’t know where to find

(b)(i) reit —- june 2011 Q4(a)
(ii) tax payable—NIL —see the calculated ans for june 2011 Q4(a) computation

(c)(i)(ii)—-june 2011 Q4(b)

Sad T.T really hate myself …why question 1 i forgot it, question 2 forget a bit here a bit there & the CA rate forget to write….and question 3, feel want to knock my head on the wall, i just forget to deduct interest inc and deduct dividend inc, and forget to copy all deductible exp and write NIL and forget also to add back interest & dividend inc at NIL…i write the total amount…really forget all… >.< sad!!!

[irene]

Q2 (a) method raise capital
incidental exp, interest exp—-june 2010 Q5(a), june 2013 Q1(a)
control over interest rate —-june 2013 Q1(b)

(b) method financing—june 2013 Q1(c)

(c) IHC—dec 2012 Q1(i) & (ii) see the explanation in words

[irene]

about the (r&d )—–june 2012 question 1(ii)

about (legal exp)—dec 2012

finding my class note F6—legal exp
(not really sure the ans, i guess)
renew existing contract—deductible
renew loan—d
trade debt—d
breach of contract—-d

[irene]

and about legal exp…
(why taxable)—choong kwai fatt chpt 2 compensation for breach of contract…sale contract–revenue receipt=taxable…fill hole of profit/in ordinary course of biz

(when liability arise)—is it possible like june 2012 question 1(ii)

(impact tax estimate, action)—is it like june 2014 question 4c

[irene]

found it already… under f, double deduction for research exp…chooong kwai fatt book

acca website got publish our dec 2014 question already

10million—S34A- non allowable expenditure..capital expenditure on plt& machinery,fixtures etc
(no deduction)

8million–S34A–double deduction of revenue exp for approved research projects undertaken by a company either in-house or contracted to external research co.
(in house: 8×2=16deduction)

15m–S34B(1)(b)– double deduction for the use of facilities & services provided by approved research co..
(outsource: 8×2=16deduction)

[irene]

hate myself >.< i forget all about reit div and int….just adding back depreciation n trustee fee only ahhh…and about the raising capital T.T forget again the rate of CA……the question 1 Double deduction on direct research expenses. Capex is not allowed. tis is past yr question right? i forgot again n again!!!

which page is it in choong kwai fatt book? the question 1 r&d?

[irene]

Is question 1 pioneer status, ita,ra… it say R&D Is promoted activity….. but no figures to compute or do calculation…

Which rpgt rate do u choose…

Question 3, reit compute… i just add back depreciation n trustees fee, Is that all or got other calculation?

[irene]

I think is the second one..

Is there any other changes? I didn’t learn new thing, just learn last sem notes…

[irene]

Hope ita ,ra, ihc, pioneer will come out ^_^. Good luck for tomorrow exam!

[irene]

Choong Kwai Fatt’s textbook got many incentive such as incentive on RAPID, marginal field, abandoned housing project, merger and acquisition. Do these incentive need to be learned?

or just learn past years….pioneer status, ITA, RA, increase in export, RPGT, RPC, group relief, lease, unit trust, IHC?

[irene]

the RPGT exemption to reduce the effective rate has been revoked

[Author]

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