Northaca
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#21
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#21
I did simple gain calc too as a long/long
Was it 55 years remaining? Or 55 years from when it started so like 25 years remaining at time of Q?
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Aca2020
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#22
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#22
(Original post by Northaca)
I did simple gain calc too as a long/long
Was it 55 years remaining? Or 55 years from when it started so like 25 years remaining at time of Q?
I thought I read that it was 55 years remaining so I just literally treated it as a deemed disposal on cessation of trade. For the IR35, did you do a deemed employment calculation even with the limited information? Also for q3, did you do a whole recalculation of her 2018/19 tax calculation or did you just talk about each adjustment individually?
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Jtg1998
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#23
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#23
(Original post by Aca2020)
I thought I read that it was 55 years remaining so I just literally treated it as a deemed disposal on cessation of trade. For the IR35, did you do a deemed employment calculation even with the limited information? Also for q3, did you do a whole recalculation of her 2018/19 tax calculation or did you just talk about each adjustment individually?
What was Q3 again?
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Aca2020
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#24
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#24
(Original post by Jtg1998)
What was Q3 again?
It was the girl who had submitted her 2018/19 return which hadn’t taken into account the non tax advantaged share options, payment from a discretionary trust etc
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Jtg1998
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#25
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Ah right yeah, discussed treatment for each I think and then worked out the CT liability at the end
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Northaca
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#26
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#26
(Original post by Aca2020)
I thought I read that it was 55 years remaining so I just literally treated it as a deemed disposal on cessation of trade. For the IR35, did you do a deemed employment calculation even with the limited information? Also for q3, did you do a whole recalculation of her 2018/19 tax calculation or did you just talk about each adjustment individually?
I read it as 55 years remaining too, but then heard people talking about wastage and thought I’d misread it because of the time pressure but fingers crossed ay!

I attempted an IR35 calc putting in the figures that were available, it felt like I needed more info to do it properly but also the marks for that requirement made me feel an explanation was too little?

For Q3, I just talked about each issue with some figures in my narrative, never really did any proper calcs or comps though
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Aca2020
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#27
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#27
(Original post by Northaca)
I read it as 55 years remaining too, but then heard people talking about wastage and thought I’d misread it because of the time pressure but fingers crossed ay!

I attempted an IR35 calc putting in the figures that were available, it felt like I needed more info to do it properly but also the marks for that requirement made me feel an explanation was too little?

For Q3, I just talked about each issue with some figures in my narrative, never really did any proper calcs or comps though
Okay that makes me feel better. I didn’t do the ir35 calc but wish I had because didn’t have enough to write. Also same for the q3, mainly just did narrative on each issue!
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