# PTAX AQ2016 - HELP...

LouboutinLou1
Just JoinedRegistered Posts:

**20**
in Personal Tax

Hi Guys,

Can anyone help with the following?

Sample assessment 1 aat website

Task 8 (b) - the car percentage @ 7%. the answer is 224 but shouldn't it be 1309?

Sample assessment 2 aat website

Task 9 (a) - antique table - how is the answer 500? I keep getting 550??

Task 9 (a) - land - answer is 2500 but i got 2790??

Task 11 (c) - capital gains & losses - complete nightmare, is there an easy way to work these questions out?

I am also studying with Osborne Books.

Any help with the above would be much appreciated.

Many thanks,

Can anyone help with the following?

Sample assessment 1 aat website

Task 8 (b) - the car percentage @ 7%. the answer is 224 but shouldn't it be 1309?

Sample assessment 2 aat website

Task 9 (a) - antique table - how is the answer 500? I keep getting 550??

Task 9 (a) - land - answer is 2500 but i got 2790??

Task 11 (c) - capital gains & losses - complete nightmare, is there an easy way to work these questions out?

I am also studying with Osborne Books.

Any help with the above would be much appreciated.

Many thanks,

## Comments

115£18,700 is the list price (2431 / 0.13) x the 6% difference x 20% basic rate = £224

SA 2 Task 9(a):

Table: 5/3 x (£6,300 - £6,000) = £500 (as this is a Chattel and sold for more than £6,000. The purchase price is irrelevant)

Land: £17,500 - £15,000 = £2,500 (market value used instead of sale proceeds as it was sold to his father).

AAT Affiliate (2018):AQ2013:

Financial Statements - 92% | Budgeting - 78%

Financial Performance - 88% | Personal Tax - 93%

AQ2016:

External Auditing - 86% | Synoptic Assessment - 70% / 93%

20Any tips for Task 11 (c) - capital gains & losses - complete nightmare, is there an easy way to work these questions out?

My exam is early next week, and those questions always come up

Thanks

20115AAT Affiliate (2018):AQ2013:

Financial Statements - 92% | Budgeting - 78%

Financial Performance - 88% | Personal Tax - 93%

AQ2016:

External Auditing - 86% | Synoptic Assessment - 70% / 93%

115AAT Affiliate (2018):AQ2013:

Financial Statements - 92% | Budgeting - 78%

Financial Performance - 88% | Personal Tax - 93%

AQ2016:

External Auditing - 86% | Synoptic Assessment - 70% / 93%

20Year Capital Gain Capital Loss

2014/2015 26,500 15,700

2015/2016 31,800 46,500

2016/2017 46,300 27,500

The amount that Thomas will have to pay capital gains tax on in 2016/2017 is ?

The amount of losses (if any) Thomas can carry forward to the 2017/2018 tax year is ?

The answer is 0 for Thomas and the carried forward total is £7,000?

Thanks

115In 2015/16 he made a net capital loss of £14,700, which is carried forward.

In 2016/17, he made a net capital gain of £18,800. His AEA is £11,100 leaving a taxable gain of £7,700. But he has £14,700 losses brought forward, so the CGT liability wil be zero and losses carried forward is £7,000.

AQ2013:

Financial Statements - 92% | Budgeting - 78%

Financial Performance - 88% | Personal Tax - 93%

AQ2016:

External Auditing - 86% | Synoptic Assessment - 70% / 93%

115Tax year Net gain/(loss) AEA Taxable gain Loss B/f Loss C/f

2014/15 10,800

2015/16 (14,500) 14,500

2016/17 18,800 (11,100) 7,700 7,700 7,000

AQ2013:

Financial Statements - 92% | Budgeting - 78%

Financial Performance - 88% | Personal Tax - 93%

AQ2016:

External Auditing - 86% | Synoptic Assessment - 70% / 93%

20Thank you