ACCA Exam tips for June 2008 – FTC –F6

F6 – Taxation

Tips include:

Income tax

Employment Income, self employed, property income, Income tax computation and loss Reliefs

Corporation tax

PCTCT, allowable expenditure, capital allowances, relief fro trading losses

VAT

Registration, accounting schemes

CGT

Part disposals, Chattels, Share identification rules for individuals, exemptions and reliefs