practice assessment 2

kelly2021 Registered Posts: 16

Can anyone please explain it to me? Thanks

I understand the sale proceeds is 75000, but I don’t understand why BC is 25816 and why BA is -3163? Thank you very much!


  • Pian32
    Pian32 MAAT Posts: 473 Dedicated contributor 🌟 🐵 🌟
    So not seeing the full page and question this might not be correct but I'm assuming you're dealing with 2 disposals?

    For BC they are entitled to 49,184 in relief and have sold it for 75,000. All the remaining relief is used on the sale and the remainder is charged as is it was income. £25,816

    For BA the asset has been disposed of at 0 value? This means the remaining relief can be claimed immediately.
    AAT Level 4, MAAT
    ACCA in progress
    F4- Passed Aug 2020
    F5- Passed Dec 2020
    F6- Passed Sep 2020
    F7- Passed June 2021
    F8 - Passed Sep 2021
    F9 - Passed June 2021

    SBL -
    SBR - Passed Mar 22
    ATX - Passed Dec 21
    APM - Passed June 22
  • kelly2021
    kelly2021 Registered Posts: 16
    Thank you @Pian32
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