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Did anyone understand what was needed in the soft S question? If yes what was your conclusion?
@jamesrob90 said:
I had the employment income for section c. Thought it was ok, the loan, home
entertainment and car benefits were quite straight forward. Was the capital allowance just the full amount in the question? I didn’t take 18% due to AIA, Did you have the diesel car at 36%? I messed up with the interest!
Did anyone have the Q where one company transfers an asset to another where it owns over 51%, and you were to calculate the capital gain. Do you use the market value when it was at company one or when the new market value now it is owned by company two ?I got the employment questions. Yes the appropriate% was 36 and we didn’t need WDA as AIA was used
@teresa23 said:
This was a Section B question right?Yes it was section B
@xanpech said:
What did people put for the eligible qualifying assets for rolling relief? I initially thought it had to be the warehouse, however then remembered that plant and machinery could qualify too and went with this thinking maybe the warehouse wasn’t connected to the trade? However afterwards I realized it had to be “fixed plant and machinery” to qualify and can’t remember if it said this so now thinking I should have actually gone with the warehouse.It was Fixed plant and machinery as the warehouse was bought more than one year ago which is not allowed for rollover relief.