[maximus07]

Thank you.
So you mean to say purposive approach has two rules (mischief and contextual rule)?

[maximus07]

Very clear tutor!
Thank you alot

[maximus07]

Alright sir. Thank you.

[maximus07]

Thank you! Understood.

[maximus07]

Yes sir. Thank you

[maximus07]

I am clear most of them.
So Revaluation reserve is a capital reserve?

[maximus07]

Very grateful for your response professor.
Thank you so much. 🙂

[maximus07]

Oh. Thank you.
It is the case for any non-adjusting event if it has not mentioned materiality?

[maximus07]

Thank you 🙂

[maximus07]

Thank you tutor! 🙂

[maximus07]

Sorry professor for not sharing the question scenario.
Sir I am confused in one thing that there are n number of reasons why we are disposing the NCA. So why it is considered thar asset is disposed because the life is ended.

[maximus07]

Thank you professor.

[maximus07]

Given TX . Dont know whether did well or not.
Hope i pass…

[maximus07]

I will be careful onwards.
Thank you for the answer. 🙂

[maximus07]

Got it. Thank you. 🙂

[maximus07]

Thank you for the support and encouraging me. 🙂

[maximus07]

Can I ask you few exam questions if you allow? I know I cannot change the answers but atleast have idea in ATX.

[maximus07]

I did everything but have no clue either done it correct or not?
You question at end of notes were really helpful and this question “cannock” was part of that Sec A.
I did same as you did in answer. I took current years TTP and calculated Corp tax and divided by 4.

[maximus07]

Which one? Was it having 15 month period?

[maximus07]

Cannot say difficult but really strange. I gave my best, rest on god.

[maximus07]

Thank you. And sorry for disturbing you.

[maximus07]

The answer shows “Carried Forward” loss deduction.
When we will come below this so we can see that we have “loss” of sale of Warehouse. This should have been deducted above under investment property.
Why we have not done this?
I hope I have explained the problem

[maximus07]

I am myself surprised to see. Sorry for inconvenience.

[maximus07]

Page 245.
Actually I am running out of time so I find it easy to ask from tutor. If you can just answer in 1 or 2 sentences will be really helpful to me.

[maximus07]

I am saying that we have used Allowable loss from Warehouse against Qualifying gains (e.g. goodwill in question). Would it have been better that we have used this allowable loss from warehouse against Investment property gain.

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