[Sharfin]

me too got 11000 something

[Sharfin]

u r correct 🙂

[Sharfin]

i also gave 15… wasnt it suppossed to be 15???

[Sharfin]

need miracle to pass 🙁 the Questions were totally diff from which i have practised. did tonnes of practise and preparation was fine.. but bad luck 4 me.. dont know what to do.. really depressed now :'(

[Sharfin]

Thank you 🙂

[Sharfin]

7000/8000*2200 is not allowable as it is private jouney so added back

[Sharfin]

f6 only

[Sharfin]

hahaha.. which papers u’ll be giving in dec 14

[Sharfin]

yes 😀 for companies it is Indexation Allowance is deducted to give taxable gains instead of AEA.. im practising day night but still error on my math (not whole part.. silly mistakes) any suggestion for me?

[Sharfin]

ohh thanks anyway that really helps 🙂

[Sharfin]

if there is only uk companies or only overseas. what should we do?

[Sharfin]

what should be the treatment of the losses b/f from the trading income to chargeable gains after all the income in that year is reduced to zero? should i sett off the loss fully or preserve tha AEA?

[Sharfin]

the additional remuneration and class 1 NIC payable by the employer are an alloable deduction when adjusting tax adjusted trading profit.. so u save the corporation tax on them

[Sharfin]

yes Pooja i noticed the income doesnt exceed 100000 so the pa should be 9440

[Sharfin]

…

[Sharfin]

PHILIP WIND WAS BORN IN 1935 I.E BEFORE 1938 SO HE WILL GET HIGHER PERSONAL ALLOWANCE OF 10660 AND THE LIMIT of his income IS 26100. AS HIS INCOME IS ABOVE 26100 HE WILL NEED TO REDUCE THE p.a to 1/2*(ANI-26100). hope this helps.

and in Samantha fabrique i have same issues as urs

[Sharfin]

THANK YOU POOJA 🙂

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