ACCA Exams 2009

• 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