Nagra wrote: »
Capital Gains is pretty straight forward as long as you remember most of the rules, its section 1 that I need to get my head round
Kyle wrote: »
That's what I'm worried about, CGT is way too straight forward now, they're bound to add something extra!
Tracy Keeley wrote: »
Give me 5 or 6 hours to learn the Capital Gains Tax part and then I will let you know if I agree !!
The rules are straightforward enough but the shares part made my head spin.
As for section one I have spent 3 whole days on that and it finally started to sink in properly yesterday afternoon. I'm confident I will pass section 1.
Chris023 wrote: »
Have you seen the AAT guidance on the PTC changes?
It said to expect more benefits in kind and more on income from property, which I am going to revsie quite heavily.
Also I think there will be stuff on PPR in there as well that does my head in the most!
Chris023 wrote: »
Principal Property Relief.... you know where you have to work out the occupied and unoccupied months of a property
hanapospis wrote: »
Can anyone please explain me a few bits in benefits in kind...
In June 2007 exam
The company provides employee with a mobile telephone. The purchase of the phone and the calls from it cost the company a total of £350 for 2006/07.
- Why is this exempt?
If employee is working for a travel agency and he/she buys a holiday from the employer for the £1200 (cost of the holiday) and the holiday is normally selling for £2000. Why is this exempt as well?
And the last thing is regarding vans. If employee has a use of Van for private and business purposes, he scale charge is 3.000 (no computations is needed). In Osborne book further says that this amount does not include any private fuel which is assessed in the same way as fuel for company car (16.900 x certain percentage)
But in taxation table for personal tax 2008/2009 provided by AAT is:
Charge:………………£3000Private fuel provided…£500
What is £500 for?