ACCA Exam Tips December 2009 (F6)

Paper F6 (PQ Magazine)

Taxation of employment income.

Dealing with trading losses – loss reliefs for sole traders and companies.

Computing corporation tax liabilities.

Computing chargeable gains.

Self-assessment and payment of tax by companies.

Badges of trade.

Adjusted profit computation and capital allowances for sole trader.

CGT – principle private residence relief.

Personal tax: benefits, adjustment to profits, capital allowances, opening year rules.

Corporation tax: long period of account, capital allowance, property lease, gains of shares, VAT annual accounting.

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Paper F6 (BPP)

Income tax involving sole trader encompassing profit adjustment and capital allowances and employed earner.

Payment of tax details also required.

Corporation tax involving capital allowance calculation for plant and machinery and industrial building allowance.

Double tax relief also tested.

VAT default surcharge liability.

Capital gains tax from individual perspective testing gift relief, entrepreneurs’ relief, part disposal, destroyed or damaged asset, exempt assets.

Calculation of CGT liability involving capital losses.

Property income

Corporation tax losses
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Source:-
PQ Magazine
BPP

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