[harigovind1]

Passed with 75%. Thankyou very much with your lectures.

[harigovind1]

Thankyou sir, I passed the exam with 56%

[harigovind1]

Passed f6 with 75% and f5 with 56%.

[harigovind1]

Not capital allowance, annual allowance.
Apologies for the mistake.

[harigovind1]

The reason is that, when an amount is considered in annual allowance, the amount is already grossed, we don’t need to gross up the amount. In the question, Surf plc, John has contributed in the remaining amount of capital allowance, if the amount need to be gross up then tax charge will arise.
Hope you understand.

[harigovind1]

The person who is not a company and doing his business on his/her name, not registered as a company is a sole trader. partners in a partnership firm are taxed as sole traders.

[harigovind1]

Must satisfy the 75% condition, Parent must have holding of 75% in subsidiary to be in group relief… and for capital loss relief, the condition is to fulfill the 51% holding in subsidiary

[harigovind1]

so, if there is any short life asset and it gets sold, then we will provide balancing allowance?

[harigovind1]

Yes sir, i have gone through the lectures, and notes as well. But it is still confusing for me.

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