Oh, this is the best lecture on UK tax ever. She does not only explain the principles but also applies the rules appropriately. Elbow grease. You are a GEM. I wish you were my lecturer on all my courses at university!
I think there is an error in this lecture, and in the notes. Anywhere and everywhere I have read, plant and machinery are always treated as 'Wasting chattels', and NOT 'non-wasting chattels'. And, a gain or loss on a disposal of a wasting chattel is exempt from capital gains tax UNLESS capital allowances have or could have been claimed on the asset. And this makes more sense, than treating plant and machinery as non-wasting chattels. Someone from open tuition please clarify.
Our tutors do not monitor posts on UA-cam. However if you ask in the free Ask the Tutor Forum on our website than our Paper TX tutor will reply within 24 hours. Our website is completely free of charge :-)
Please ask your question in our free Ask the Tutor Forum on our free website. As is explained below the video our tutors do not monitor this forum, but they always reply within 24 hours to questions that are posted on our free forums.
Oh, this is the best lecture on UK tax ever. She does not only explain the principles but also applies the rules appropriately. Elbow grease. You are a GEM. I wish you were my lecturer on all my courses at university!
I think there is an error in this lecture, and in the notes. Anywhere and everywhere I have read, plant and machinery are always treated as 'Wasting chattels', and NOT 'non-wasting chattels'. And, a gain or loss on a disposal of a wasting chattel is exempt from capital gains tax UNLESS capital allowances have or could have been claimed on the asset. And this makes more sense, than treating plant and machinery as non-wasting chattels. Someone from open tuition please clarify.
Our tutors do not monitor posts on UA-cam. However if you ask in the free Ask the Tutor Forum on our website than our Paper TX tutor will reply within 24 hours. Our website is completely free of charge :-)
@@opentuition Okay, thanks.
do all residential tax liability get paid on an account basis , or will it be specified in the question ? thanks
Please ask your question in our free Ask the Tutor Forum on our free website. As is explained below the video our tutors do not monitor this forum, but they always reply within 24 hours to questions that are posted on our free forums.