TX*** December 2022 ACCA TX exam – Instant Poll and comments ***

Who got the payment of account question in the income tax question part of section C??

Who have transfer whole chargeable gain to another company to obtain maximum capital loss relief in calculating corporation tax of waggiko?

I got that question, however I am still unsure how to be treated. Did you relieve also for past years?

I have transfer whole chargeable gain to Another and relived all year loss

In Wagakki ltd i surrendered all the losses of X Limited to wagakki ltd

but the election made by June 2022. I surrendered the last year loss only

In the study note it says: "The election has to be made within two years of the end of the accounting period in which the asset is disposed of outside the group." We had the losses for the previous 2 years so if election is made then it should be fully relieved I guess.

We can transfer whole gain to loss making company in group and relived capital loss no That why I have transfer full gain to Xltd company

anyone wants to discuss paper ?

Well this time atleast I attempted the full exam. Let's see how it pans out on 16 Jan 2023.