tashy wrote: »
for some reason i disposed of the air conditioning units in the p&m computation.
Will i fail for this? I also didn't apportion the iba.... Advise needed help
Tashy wrote: »
help me: What does anyone think???
kjg-kj wrote: »
Can't remember my exact figures for the gain but I know I had indexation of £91, and there was no taper relief because owned less that 1 year.
umerali2003 wrote: »
i think it was 5 years not 6 years .........
angela27 wrote: »
I forgot to put the corporation tax date payable in just completley forgot plus in section 1 i have put that the records need to be kept for 5 years but i have said from the end of the accounting period which isnt correct and i have indexed the shares twice although i did get £91 and a couple of other people have got this. Aside from the above obvious errors i dont know if i went wrong anywhere else but am so glad its over! I had never seen a net loss before either and the salaries and units he took home were not areas i had practiced really. Hey ho.
Ash1711 wrote: »
wasnt section 2 taxed at 30% less marginal relief?
richards0l0 wrote: »
How did everyone caluclate the NI contributions, i think i did this wrong aswell!! aahh i was so bloody confident in the exam and im am now finding i messed up big time!
GoldenRetreiver wrote: »
Hi For the last question about the shares that were worth some money - did anyone mention indexation up to 98 then taper?
becs129 wrote: »
Yes that's exactly what I said for the shares.
I basically put that as they were business assets he would be eligible for all possible allowances.
I said that indexation allowance would be used to April '98 which would account for any rise in the shares value due to inflation.
I then went on to say that taper relief would then be calculated on the firgure after indexation which would equate to 25% of the gain as he had owned the shares for more than 2 years after 1998.
I summarised by saying that after all allowances the taxable gain would actually be much less than it first would have appeared to be.
This sounding familiar/correct to anyone?
skye wrote: »
Does anyone know the percentage pass rate for BTC?
Debz wrote: »
With goods for own use you treat this as though the proprietor had made a sale to himself at selling price :- Dr Drawings Cr Sales.
The proprietor had already paid the business £200 for these goods therefore the net adjustment was £400 x 2 = £800 selling price Less £200 already adjusted Net adjustment = £800 - 200 = £600.
Hope this makes sense.
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