ACCA资讯

ACCA 其它课程 金程教育 · 金色前程 · 在你我手中

考试题库课程直播资料

ACCA >> F6

2015年ACCA考试F6科目知识点解析:Partnerships

发表时间:2015-08-26 来源:
【编者按】备考ACCA要详细的了解考试相关的内容,金程网校ACCA考试专栏小编为大家整理收集了2015年ACCA考试科目的重要知识点,帮助大家加强训练,和小编一起了解ACCA考试F6科目的备考指南吧!

距离2015年12月份ACCA考试越来越近,大家做好应试的准备了吗?金程网校为了帮助处于ACCA备考阶段的考生更好的掌握ACCA考试知识点,为大家整理了一些ACCA考试历年高频考点,希望能帮助大家加强训练。今天我们一起了解一下ACCA考试F6科目的重要知识点吧。2015年ACCA考试讲义+大纲+真题免费获取》》

1 Introduction
Although a person may be a partner in a firm, he is still aseparate taxable person for income tax (and CGT). The person's share ofpartnership profits is assessed to tax as part of his total taxable income fora tax year.

For self-assessment purposes, the firm produces a partnership return showing the allocated amounts of income (and gains) for all partners. Each partner uses this information to complete his individual annual tax return.

2 Allocations of Trading Profits and Losses
Between Partners Adjusted profits and losses, determined for the period of account of the firm as a whole, are allocated between the partners in the profit-sharing arrangements of that period of account.

Profit-sharing arrangements include the partners' salaries,interest on contributions to the firm's capital and the profitsharing ratio that is used to allocate surplus profits.If the profit-sharing arrangement changes during a period of account, the profit or loss is time-apportioned between the periods before and after the change. The profit or loss before the change is allocated according to the old arrangement; the profit or loss after the change according to the new arrangement.

Each partner's share of profit or loss will then be used to determine his assessments under the current year basis (CYB) for each tax year.

3 Admission and Retirement of Partners
When a partner is admitted to an existing firm (or a sole trader takes in his first partner), the incoming partner is assessed using the current year opening year rules on his share of the firm's profits. The assessment of each of the existing partners is unaffected.

When a partner leaves an existing firm, the last year basis applies to his share of profits only, with relief for his share of accumulated overlap profits. Again, the assessment basis for the remaining partners is unaffected.

4 Cessation of the Firm as a Whole
Where the firm as a whole ceases to be assessed to income tax, the last year basis applies to all the partners with relief given for each partner's share of accumulated overlap profits.

5 Trading Loss Relief for a Partner
Where a partner has a loss for a tax year he can choose to relieve his share of the loss in the way that best suits his individual circumstances.

For an established business, this usually means choosing between the more immediate s.64 relief against total income (with or without s.261 TCGA 1992 relief against gains) and later s.83 carry forward relief against future shares of trading profit.

All partners of a new firm and a new partner of an existing firm may claim s.72 relief for attributable shares of a loss of any of the first four tax years of assessment.

Where a partner leaves a firm and has been allocated a loss prior to his retirement, he can claim the appropriate form of loss relief, including s.89 (terminal loss) relief against his share of trading profits for the final and preceding three tax years of his trade.

If the firm as a whole ceases trading in such circumstances, then all partners can make a terminal loss claim.

6 Capital Allowances
Assets attracting capital allowances may be owned by the firm (e.g. office equipment) or by the partners personally and used for business purposes(e.g. motor cars).

Where these different arrangements exist:= capital allowances are calculated on both types of assets for
the period of account of the firm (i.e. as normal);
= capital allowances on the firm's assets are deducted as atrading expense before allocating profits between the partners (note this applies to all assets owned by the partnership, even if subject to private use);
= capital allowances attributable to the business use of privately owned assets are deducted from the share of profits of each partner after allocation.

7 Limited Liability Partnerships (LLPs)
Limited liability partnerships (LLPs) are separate legal entities in which the partner's liability for the firm's debts is limited to their fixed capitals.

Each partner is taxed on his share of the LLP's profits applying the rules already discussed.

更多ACCA考试科目的知识点,请关注金程网校ACCA考试专栏,为了帮助大家攻克备考中的薄弱环节,金程网校为考生开设免费题库,为大家分享ACCA历年真题,帮助考生加强训练,提升综合应试能力!

ACCA免费资料

                        ACCAACCA报名>>ACCA报名条件>>ACCA考试费用ACCA免费资料
                        ACCA2015年ACCA讲义+大纲+真题免费索取【点击进入】:http://www.gfedu.cn/acca/accaspecial.shtml
                        ACC官方QQ群:166094870
                        ACCA微信号:Sjtu_ACCA

ACCA官方微信

400-700-9596
(每日9:00-21:00免长途费 )

©2014金程网校保留所有权利

TOP
X

注册金程网校

同意金程的《用户协议》

已有账号,马上登录