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Que 33 Mable (MOCK EXAM SEP 2016)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Que 33 Mable (MOCK EXAM SEP 2016)

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • December 2, 2018 at 3:16 pm #486788
    alikhakar
    Participant
    • Topics: 186
    • Replies: 79
    • ☆☆☆

    In BPP kit answer, Tenth Ltd prepared accounts of 4 month period ended 31 july 2017 on which date it also ceaaed trading.
    In the answer to this que.. Chargeable gain of sale of freehold building is 15800 (180300-164500) is there. but no relief for AEA is been made which should be 3767 (11300* 4/12)
    Is it so that NO AEA is provided in the year of cessation ?

    December 3, 2018 at 10:47 am #486914
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Look at the question more carefully – you are dealing with a company not an individual! Companies do not get AEA!

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