Personal Tax

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Very probably a stupid question but do the study books change every year? and is it a must to have the brand new one.

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Personal Tax

    The principles do not necessarily change ever year but the finance acts do.

    Steve
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Personal Tax

    So would it be possible to use an older book (04/05) but keep on top of the finance acts? I'm self teaching at mo as unfortunately signed off work and i need something to do.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Personal Tax

    I would have thought so because the way you do a Corporation tax computation doesn't change, but the rates of capital allowances might (depending on when you sit the exams) as does the individual's personal allowance.

    I worked with a textbook that was 12 months old when I studied ACCA business tax and I passed it ok.

    Kind regards
    Steve
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Personal Tax

    Hi Steve

    Thanks for advice, sadly that gives me something to look forward to now :-)

    Carrie
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Personal Tax

    The only thing you might need to look at is things like Non corporate distributions (although I think they are in the 04 05 finance act) to make sure they are fully covered.

    Annette

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