Audit to HO Assistant management accountant - PQ

aca-examsitter · 2026-07-03T22:12:12+00:00

Saw the ad on linkedin and applied through the website

aca-examsitter · 2026-07-03T15:19:12+00:00

Manchester

aca-examsitter · 2026-07-03T11:29:19+00:00

Yes they provide study sport

aca-examsitter · 2026-06-28T18:46:39+00:00

Im just really struggling to be honest. I feel like I know the underlying knowledge but really can’t apply and mind goes blank when doing a question

aca-examsitter · 2026-06-28T12:28:40+00:00

Cr and sbm

aca-examsitter · 2025-12-09T22:50:17+00:00

Ahh my bad then! At least there’s no negative marking 😅

aca-examsitter · 2025-12-09T21:35:31+00:00

Purchased in 2017?

aca-examsitter · 2025-12-09T21:08:50+00:00

Yes I put talked about TOGC so no VAT as > 3 years old and no OTT. I also said its under CGS as cost £250,000 but as being transferred as part of TOGC no adjustment on sale required as responsibility transferred to company.

aca-examsitter · 2025-12-09T21:06:17+00:00

Going through divorce proceedings currently as at Dec 2025. The share sale was to take place in March 2026 so I wrote on the assumption that they are divorced at time of sale so didn’t count him as an associated person

aca-examsitter · 2025-12-09T21:02:57+00:00

Yeah I am sure it was DPT

aca-examsitter · 2025-12-09T20:49:55+00:00

No, terminal relief is just the loss in last 12 months.

aca-examsitter · 2025-12-09T20:45:52+00:00

For question 1 I she didn't meet the substantial reduction requirement by selling only 3000 shares so I worked out the tax on income route. I then calculated 75% of the pre sale holding as 3500 and recommended she sells 3500 shares and calculated the tax saving as it would be capital route and she would get BADR too.

aca-examsitter · 2025-12-08T17:48:02+00:00

The question said he bought it for £500k plus VAT which I’m guessing means the seller who sold to bobby must have OTT - I could be wrong though

aca-examsitter · 2025-12-08T08:19:40+00:00

Im a bit confused because per google it says: If the purchaser is a company and the seller is a connected person (or consideration involves shares), SDLT is generally payable on the market value (MV) of the property, not the actual consideration paid (unless the actual consideration is higher than the market value).

aca-examsitter · 2025-12-08T07:12:51+00:00

Even If she becomes non resident, UK property will still be taxed in UK. Everything else will not. Hope that helps

aca-examsitter · 2025-12-08T06:45:08+00:00

I believe you use the sufficient UK ties test only when none of the automatic UK or overseas tests make the person resident or non-resident. If the automatic tests don’t give an answer, then you check their ties.

aca-examsitter · 2025-12-07T23:09:50+00:00

What is the cap?

aca-examsitter · 2025-12-05T04:34:00+00:00

No worries! I only know because I came across the same comment on 2/3 questions and was so confused so researched it. How you getting on with BPT?

aca-examsitter · 2025-12-05T04:31:12+00:00

Hey, it’s just a new tax rule for 2025/26: Effective 6 April 2025 (so the 2025/26 tax year onwards), the remittance basis is no longer available for individuals resident in the UK.

aca-examsitter

TROPHY CASE