• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

When a co. leaves a group why does the group members still affect the UL & LL??

Forums › ACCA Forums › ACCA ATX Advanced Taxation Forums › When a co. leaves a group why does the group members still affect the UL & LL??

  • This topic has 1 reply, 2 voices, and was last updated 12 years ago by jaypatel.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 25, 2013 at 4:50 pm #127161
    monet
    Member
    • Topics: 7
    • Replies: 12
    • ☆

    I did a question in BPP’s revision kit and a co was purchased out of a group by an individual who owned 1 company – but when the tax was calculated the UL & LL were still taking into account the other associates within the group that it had been in. Why is this??

    Can anyone please help me for I find this very difficult to understand.

    May 25, 2013 at 8:07 pm #127172
    jaypatel
    Member
    • Topics: 5
    • Replies: 22
    • ☆

    Hi Monet,

    This is a bit of a strange point but the theory goes that a company is counted as an associate if it is an associate within the period, regardless of how long it was an associate for.

    So I guess if an “associate” is purchased (+1) or sold (+0) it is always counted.

    Hope it helps.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • mrjonbain on ACCA BT Chapter 6 – Some legal obligations – Questions
  • Ken Garrett on ACCA BT Chapter 6 – Some legal obligations – Questions
  • Ken Garrett on The nature and structure of organisations – ACCA Paper BT
  • OmarAlbeity on ACCA BT Chapter 6 – Some legal obligations – Questions
  • Salimbek909 on The nature and structure of organisations – ACCA Paper BT

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in