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Chapter 4 Example 1

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Chapter 4 Example 1

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by JillyB.
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  • January 22, 2025 at 1:51 pm #714903
    mezza711@hotmail.com
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Hi all – on this chapter, in the YT video: regarding Legal Fees for purchase of new shop, she says ‘hmm, this will probably be acceptable’, but when going through the proforma (following the answer sheet), she adds it back into tax adjusted trading profit without explanation. Can anyone clarify?

    January 22, 2025 at 5:11 pm #714908
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    Hi

    I added the legal fees back as they are a capital expense that will then be deducted in any future CGT computation.

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