Day 2. Adjusted Profit / Loss Computations
B3. Basis of assessments
a) Explain the basis of assessment for a continuing sole trader’s business.
b) Explain and demonstrate the calculations of the basis of assessment for commencement and cessation of business.
c) Calculate overlap relief, explain and demonstrate how it can be used on cessation.
B3. Commencing trade AP<12m
01Explanation9:04
B3. Illustration AP<12 months
02Illustration4:53
B3. Commencing trade AP>12M
03Explanation5:29
B3. Illustration - AP>12 months
04Illustration4:53
B3. Illustration - Commencing trade AP=12m
05Illustration3:18
B3. Past Exam Question
06Past Paper2:00
B3. Past Exam Question
07Past Paper2:16
B3. Ceasing to trade
08Explanation4:51
B3. Illustration 1 - Ceasing to trade
09Illustration3:59
B3. Illustration 2 - Ceasing to trade
10Illustration2:45
B3. Capital allowances for cessation
11Explanation4:55
B3. Past Exam Question
12Past Paper1:42
B3. Past Exam Question
13Past Paper6:20
B3. FTX Q8 June 12
14Past Paper3:19
B3. FTX Q8 Pilot
15Past Paper3:28
B3a. The basis of assessment for a continuing sole trader
16Quiz questions
B3b. Assessable profits on commencement
17Quiz questions
B3bc. Assessable profits on cessation
18Quiz questions
CBE Questions
Syllabus B3