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F6 DEC 10 Exam paper Q2 (ii)

Forums › ACCA Forums › ACCA TX Taxation Forums › F6 DEC 10 Exam paper Q2 (ii)

  • This topic has 7 replies, 5 voices, and was last updated 14 years ago by Anonymous.
Viewing 8 posts - 1 through 8 (of 8 total)
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  • March 5, 2011 at 2:27 pm #47657
    arleneld
    Member
    • Topics: 4
    • Replies: 28
    • ☆

    Hello, Could someone explain to me, in the marginal relief calculation, why the answer is 7/400 x (500,000 – 380,000) Where does the 500,000 come from ?

    Thanks.

    March 7, 2011 at 4:54 pm #79494
    arleneld
    Member
    • Topics: 4
    • Replies: 28
    • ☆

    Anyone ???

    May 13, 2011 at 8:02 am #79495
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 7
    • ☆

    (1) Neung Ltd has two associated companies, so the upper limit is reduced to £500,000 (1,500,000/3).

    May 13, 2011 at 12:30 pm #79497
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    This is correct we divide the limits by the number of associated companies annd for short accounting periods
    Review chapter 13 of OT course notes
    Hope this helps

    May 19, 2011 at 4:29 pm #79498
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Always be careful with tips-no one knows what will be on the exam other than any aspect of income tax in Q1, corporation tax in Q2 and any area of the very large topic CGT for individuals or companies and 10 marks for any area of VAT!

    May 23, 2011 at 9:05 am #79499
    Anonymous
    Inactive
    • Topics: 7
    • Replies: 58
    • ☆☆

    yeah, and as regards exam dec 2010 – there is also one point to note – the benefits were tested in quite detail in Q1` – for example childcare benefits (first 55L exempt), accomodation – value greater of Annual value and rent paid by employer, and few others.

    May 23, 2011 at 5:07 pm #79500
    arleneld
    Member
    • Topics: 4
    • Replies: 28
    • ☆

    @superwoman said:
    This is correct we divide the limits by the number of associated companies annd for short accounting periods
    Review chapter 13 of OT course notes
    Hope this helps

    Many thanks, actually this was covered by one of your lectures I looked at, at the weekend, so it all makes sense now.
    Can I just say, I am doing Home Study, and I find your lectures superb.

    May 25, 2011 at 12:26 pm #79501
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 2
    • ☆

    be ware of IHT

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