BTC
System
Posts: 100,534 🤖 Admin 🤖
Bit of a mixed bag for me!!
Section 1 with its 16 months accounting period! That really threw me! Split my capital allowances but don't think i was right when calculating the overlap of profits. I did the first bit (01/1 to 5/4) and put down the second tax year as 06/4 to the following 05/04 and then changed my mind when I checked the answer later on!! Have to admit I went home and checked my answer and I shouldn't have changed it!!
Section 2 - I got trading profits at about £119kish and pctct as £193kish. I missed the charges on income bit so don't think it's the right answer.
Bit annoyed there were no questions about losses or badges of trade? Spent hours revising them and they didn't even come up!!
Fingers crossed for February!!
Section 1 with its 16 months accounting period! That really threw me! Split my capital allowances but don't think i was right when calculating the overlap of profits. I did the first bit (01/1 to 5/4) and put down the second tax year as 06/4 to the following 05/04 and then changed my mind when I checked the answer later on!! Have to admit I went home and checked my answer and I shouldn't have changed it!!
Section 2 - I got trading profits at about £119kish and pctct as £193kish. I missed the charges on income bit so don't think it's the right answer.
Bit annoyed there were no questions about losses or badges of trade? Spent hours revising them and they didn't even come up!!
Fingers crossed for February!!
0
Comments
-
Re:BTC
I got around 119K for trade profit, there is a big forum on the first page of threads0