[ahmedkhan]

Premium is not pro rated, pays annually,not sure about interest

@ritaalbu said:
Premium I did divided by 15 times 8/12, time apportioned to the no of months, as it should not be the annual amount . Advertising expenditure deducted yes.
Property loss did not include interest on property loan as it should go to interest receivable, not property income, you guys did the same?
Thanks

[ahmedkhan]

Expense related to business with in 7 year period of starting business is allowed expense,premium was 15 year year,final figure divided by 15 for year 15/16

@chiks said:
Was the advertising expenditure supposed to be subtracted to increase the operating loss of the company? I felt it shouldn’t since it wasn’t incurred in that period. And did anyone time apportion the lease paid by the company?

[ahmedkhan]

Sale proceed always comes after allowance calculation?not sure of it

@anniee85 said:
Capital allowance wasn’t required to calculate for a car because was sold. I think car was not computer. I don’t remember question now. I hooe I’ll pass. Good luck everyone!

[ahmedkhan]

To qualify for FYA two conditions apply 1 car must b new 2 limit of co2

@suf23 said:
FYA is never time apportioned.

Are you sure car doesn’t need to be new for FYA?

[ahmedkhan]

How it come 20%?same rate to gp for wda nd u mixing two question,21700 base cost for fuel surcharge nd FYA is capital allowance

@sherrydada123 said:
Well 22100 x 20% not 18% lol
and even if it is USED CAR the FYA will still be charged and taken to Capital Allowances.

[ahmedkhan]

@ritaalbu said:
Correct, the remaining 2600 was taxable. The way i ve done it:
Alice – 18%, list price less 5000 contrib, fuel 22100 * 18%, mileage allowance not taxable benefit
Claude – private telephone exempt, home system cost less 20% * cost (probably not right)
Buma – loan ( 30000 plus 18000 )/2 * 3%, less interest paid; 18000 as repaid 12000 throughout the year
Denise – 2600 only taxable, medical costs exempt up to 500 per annum

Then computed * 13.8% for each to get class 1A

Anyone else agrees on the above?
Yh did exactly same,home entertainment only 20% cz employer provide employee for normal usage,nor gift nor employee paying back…hope for best

[ahmedkhan]

Yh computer bought on discounted price 400*3 but he also mention computer sold on discounted rate I’m confuse here,computer qualify for AIA nd create allowance of 1200 but after we deduct 1200 from gp as well??

[ahmedkhan]

Wda Yh gp 18%*8/12 sp 8%*8/12 nd co2 with 64 second hand car soo in gp

[ahmedkhan]

Cgt scenario base question any ans b,dnt had enough time just random ans?

[ahmedkhan]

change the grams into kg more easy,yh might be you lose some marks ere

[ahmedkhan]

really unexpected i practiced last three year exams and no doubt this is one of hardest i find.q 2 any idea only 2 marks for abc costing……really hilarious disappointment at the end

[ahmedkhan]

hi i want to join u i just start f5 this is my first attempt

[ahmedkhan]

hi im ahmed im from manchester im looking for f5 practice online/group for dec,

[ahmedkhan]

Hi I’m Ahmed im sitting in dec for f5,I’m doing self study,can u plz explain me section b paper structure,I’m using kaplan study material

[Author]

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