Forum Replies Created
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- June 5, 2018 at 6:51 pm #456596
Understood Sir 🙂
May 15, 2018 at 5:48 pm #452109Really sorry Sir, i didn’t realise that. Thank you. You just taught me a lesson on Ethics 🙂
Actually i do have the BPP Revision Kit.(just copied it so that i don’t have to type)
Regarding the question Sir, is my understanding as per below correct?
Do we have to take 4000 and 7000 because they exceed the $2m limit?$
Period 1 (60% x 4000=2400)> 2000 limit 4000
Period 2 (30% x 7000=2100)> 2000 limit 7000
Total 11000
Overdrawn (500)
10500Would it have been correct if i had deducted the $500 from the $4000? Or should it be deducted from the Total? (the value would still exceed $2000 limit)
Had there been $3800 instead of $4000 (60% x 3800=2280)>2000 limit
But if i had deducted the $500,then (60% x (3800-500)=1980)<2000 limit
Please clarify Sir.
Thank you very much.
January 23, 2017 at 10:53 am #368957I do not know the answer that is provided Sir. I found the question in a lecture note from local tutor, no answer given.
My answer is B.
Chargeable gains 9000
-Capital loss in tax year (6000)
Net Capital Gains 3000But Sir, what i am not understanding is the annual exemption. If the annual exempt amount is not used, then it is wasted.
Can you please explain also explain the use of Annual Exemtion here?
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