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Im very new to the Tx-UK and being “congolo” i.e confused to understand all at once. Im doing self-study for this paper, can some1 help me to know how to compute “the loss of £7,930” from this ques:
Required:
(c) Explain why it would not be beneficial for Ashura to claim loss relief under the provisions giving relief to a loss incurred in the early years of trade.Before you attempt any past exam questions on a particular tax you must firstly work through the OT lectures and study notes performing all the assigned work at the end of each chapter for that tax.
When you then attempt past exam questions they must be from an up to date (FA 2021) exam kit from one of the approved ACCA providers – NOT from the past papers on the ACCA website as they have not been updated for changes in legislation.
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