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ryanwilkes1985 wrote:Corporation tax question I had, had rollover relief at under sale so gain chargeable now is lower of proceeds not reinvested and total chargeable gain. It also had a chargeable gain group sale so nil gain nil loss. It was v tricky. Not like anything in the book.
I had this and struggled, i couldnt grasp the ROR, i got the no gain no loss and the company made a property loss which i offset in the year, cant change anything now but i agree nothing like that in the Kaplan exam kit
ryanwilkes1985 wrote:Corporation tax question I had, had rollover relief at under sale so gain chargeable now is lower of proceeds not reinvested and total chargeable gain. It also had a chargeable gain group sale so nil gain nil loss. It was v tricky. Not like anything in the book.
ryanwilkes1985 wrote:The tax planning question was also tricky because mine had employer occupational tax donations. Somehow remembered they are deducted from employer Corp tax calculation but v tricky I think
looks like we both had the same question… relieved to know i applied the same rules that you also did.. thanks for sharing
This should be my 6th or 7th attempt at Tax. I hate it.
Passed sbl first attempt, sbr and other prof papers but this I can’t seem to grasp all the rules.I end up mixing them all up on the exam day just like yesterday. God please I just need a 50. Help..
Both not qualified as the share is 2%(not qualify for ER) and it was subscribed before 17 March 2016( not qualified for IR)
Is pension income included in chargeable estate for the the purpose of inheritance tax ?
dapo11 wrote:Is pension income included in chargeable estate for the the purpose of inheritance tax ?
nope
There was a question on what is important for Output VAT scale charge, something like that. Had to choose 2 answer from 4. What did you guys answer?
Hi, does anyone know if shares are jointly owned by married couple and one spouse owner has capital loss b/f can the other spouse owner upon sale use the capital loss b/f on the capital gain on the sales of the shares?
sonja99bosk wrote:Hi, does anyone know if shares are jointly owned by married couple and one spouse owner has capital loss b/f can the other spouse owner upon sale use the capital loss b/f on the capital gain on the sales of the shares?
you cant transfer the capital losses between husband/wife as far as i know.
I thought so as well, but the section C question said these are 3 measures to optimize the tax between the spouses and one of them was to move the shares to be jointly owned by both spouses but as I think if it now it should be that they only then split income from the shares and no impact should have been on capital gains tax…Unfortunately the second measure was also concerning the shares but it might have been to just confuse you in thinking that then two separate measures must have two impacts, where actually in fact there is only impact in term of dividends…in addition they mention the capital loss b/f from one spouse…
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