Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Realised and unrealised gain
- This topic has 3 replies, 2 voices, and was last updated 6 years ago by Tax Tutor.
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- May 8, 2017 at 10:40 am #385326
Hi Sir!
Here are some situation I very confused…
All unrealised loss is non deductible ?
All unrealised gain is non taxable?
Realised gain for trade and non trade both are non taxable?
Realised loss for trade is deductible but non trade is non deductible?
Am I correct?Advance thanks to you.
May 8, 2017 at 9:06 pm #385429To be honest I’m not entirely certain what you are referring to – if you are discussing capital gains and losses then there are only realised gains and losses to be dealt with and they are netted off irrespective of whether on assets used in trade or on investment assets. If you have any example of your query please do let me know
May 9, 2017 at 11:14 am #385484Apologize for my mistake…The topic is under deductible expense from a business source which always starting with net profit before tax.The realised/unrealised gain/loss is about the foreign exchange.Im confused about it, can you please simply explain the concept to me?Thks~
May 9, 2017 at 7:08 pm #385528This is not in the F6 exam – are you doing the UK variant?
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