ACCA INCOME TAX TRADING LOSS.xlsx - ex 3 pg 182 2013\/14 14\/15 trading income 15\/16 12000 nil 16000 C\/fwd RELIEF-13000 other income 10000 15000 10000

ACCA INCOME TAX TRADING LOSS.xlsx - ex 3 pg 182 2013/14...

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ex 3 pg 182 2013/14 14/15 15/16 trading income 12000 nil 16000 C/fwd RELIEF -13000 other income 10000 15000 10000 total income 22000 15000 13000 CY relief -15000 CB relief -22000 NET INCOME 0 0 26000 I WONT SUBTRACT IN THE LOSS MEOMRANDUM (9000 capital gains(it is seperate) 15000 9000 20000 CY relief CB relief -15000 net gain 0 9000 20000 YOU WILL NOT OFFSET ANY LOSSES IN 2014/15 AS IT IS NOTE: CHECK THE OTHER INCOME INDIVIDUALLY TO S
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loss memo trading loss-2014/15 65000 CB CLAIM TO 2013/14 -22000 43000 CB CLAIM AGAINST GAIN 13/14 -15000 28000 CY CLAIM 14/15 -15000 13000 CF CLAIM AGAINST TRADING- 15/16 -13000 C/FWD 0 0) BECAUSE 11,700 WHICH IS MY ANNUAL EXEMPTION IS COVERING MY CAPITAL GAINS S FULLY COVERED BY ANNUAL EXEMPTION (11,700)- YOU DONT NEED TO MENTION IN THE EXAM SEE IF IT IS GREATER THAN 50,000 OR NOT. DO NOT ADD AND SEE THE TOTAL.
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ex4 A) NO CLAIM TO BE MADE 2012/13 2013/14 2014/15 LOSS MEM TRADING PROFITS NILL 12000 16000 TRADING L CF CLAIM-2 C/FWD RELIEF CF CLAIM-2 OTHER INCOME 11000 12000 13000 C/FWD TO TOTAL INCOME 11000 24000 29000 B) AS EARLY AS POSSIBLE 2011/12 2012/13 2013/14 2014/15 TRADING PROFITS
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  • Winter '20
  • Stock and flow, The Loss, trading income

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