20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

december 2016 paper

This topic has 4 replies, 3 voices, and was last updated 8 years ago by Tax Tutor.

Viewing 5 posts - 1 through 5 (of 5 total)

Author
Posts
January 18, 2017 at 8:58 pm #368239
Jean96
Member
- Topics: 77
- Replies: 67
David received the following income for the tax year 2015-16:
Property income
£20,000
Interest from UK Government securities (gilts)
£2,400
Dividends (cash amount received)
£2,250
What is David’s total income tax liability for the tax year 2015-16?
why dont we gross up interest and dividend
January 19, 2017 at 9:44 am #368288
Tax Tutor
Member
- Topics: 2
- Replies: 3965
See my answer to your previous question – but on the specific issues you raise here – you should know that interest on government securities is received GROSS – this is a basic point of technical knowledge and dividends WILL be grossed up!
Both this question and the previous are issues dealt with on chapter 2 – you must go back and learn this content.
January 19, 2017 at 6:58 pm #368395
Jean96
Member
- Topics: 77
- Replies: 67
its the question 13 on december exam and they didnt gross up the dividend
why is it so
January 19, 2017 at 10:49 pm #368461
adityavikram
Participant
- Topics: 3
- Replies: 2
Can someone tell me where can i download the december 2016 f6 exam paper please?
January 23, 2017 at 10:56 am #368961
Tax Tutor
Member
- Topics: 2
- Replies: 3965
If you look at the answer the tax is correctly calculated using the gross dividend of 2500, it is the calculation of taxable income which is wrong and should have included the 2500!
Author
Posts

Viewing 5 posts - 1 through 5 (of 5 total)

You must be logged in to reply to this topic.