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Forums › ACCA Forums › ACCA TX Taxation Forums › June 2015 ACCA F6 Notes – Errata Sheet
Chapter 14
Answer to Example 2
Working 1 – CGT is 468,032 should be 467,920
Chapter 16
Page 107 section 1.5 note (c) should read:
“The fraction for FY 2013 is 3/400 and for FY 2014 is 1/400”
Chapter 20
page 122, example 3 – the acquisition date of the copyright should be 1 October 2002.
Please refer to example 12, Taxable income is Non Saving 95K and Saving 4K, so tax is
first 31,865 – 20% – 6,373 – fine
95K – 31.865 x40% – 25,254 – fine
Saving income 4,000 will be taxed at 40% or 20%?
Your answer shows 20%.
But another example No.3 where NSI and SI where 15K and 20K shows that SI and NSI are clubbed together, and Taxable income in excess of 31,865 is taxed at 40%.
F6 tutor is on holidays, he will check your post next month,. thanks
ps. December notes are now published. and as always, check if the examples are covered in the lectures