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Practice Question / Answer 20 George part (b)

Forums › ACCA Forums › ACCA TX Taxation Forums › Practice Question / Answer 20 George part (b)

  • This topic has 4 replies, 1 voice, and was last updated 12 years ago by wgk.
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  • July 27, 2012 at 4:11 pm #53873
    wgk
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    Practice Question / Answer 20 George part (b)

    Based on the info given in the question this is the scenario assuming we just start at 2008/09: The “other than” in the question assumes a contribution of 60,000 in 2010/11!

    2008/09 60,000
    2009/10 30,000 + 20,000 from 2011/12
    2010/11 60,000
    2011/12 50,000 (of the 90,000 – 50,000 for 2011/12, 20,000 contribution b/f from 2009/10 and the remainder 20,000 is AA charge)

    Why wasn’t the extra 10,000 of 2010/11 not used against 10,000 brought forward from 2009/10! Or have I misread something again!

    Thanks in advance 🙂

    September 2, 2012 at 4:49 pm #102287
    wgk
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    Or should the “2009/10” in the question read “2010/11”!!!! Otherwise he could have an unused allowance of 70,000 (20,000 from 2009/10 and 50,000 from 2010/11 – assuming no contributions in 2010/11).

    So, which of my comments seem correct – that of 1 month ago or this.

    Thanks in advance 🙂

    September 30, 2012 at 8:23 am #102288
    wgk
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    I’m still not in agreement with the model answer! Any help out there! 🙂

    October 19, 2012 at 4:08 am #102289
    wgk
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    Any takers on the issues I’m still having with this question!? 🙂

    November 22, 2012 at 5:52 pm #102290
    wgk
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    My understanding of this question is that the contributions are:

    2009/10 – 30,000
    2010/11 – 60,000
    2011/12 – 90,000

    Therefore his Annual Allowance Charge is 30,000!? The model answer says 20,000?!

    Any help out there? 🙂

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