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Syllabus B3
Basis of assessments 3 / 7
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.
Commencing trade AP<12m
7:31
Illustration AP<12 months
5:05
Commencing trade AP>12M
5:44
Illustration - AP>12 months
4:18
Illustration - Commencing trade AP=12m
3:38
Past Exam Question
2:00
Past Exam Question
2:16
Ceasing to trade
4:51
Illustration 1 - Ceasing to trade
3:59
Illustration 2 - Ceasing to trade
3:52
Capital allowances for cessation
6:02
Past Exam Question
1:42
Past Exam Question
6:20
FTX Q8 Pilot
3:19
The basis of assessment for a continuing sole trader
Assessable profits on cessation
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B2. Capital allowances
1 week revision course
Day 2. Adjusted Profit / Loss Computations
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B4. Relief for trading losses
1 week revision course
Day 2. Adjusted Profit / Loss Computations