Vicki Ltd has chargeable gains in the current period of ￡26,000, capital losses in the current period of ￡20,000, brought forward capital losses of ￡10,000, and current period trading profits of ￡45,000.What is the taxable total profits of Vicki Ltd upon which corporation tax will be charged?

1 .Alexandrite Ltd bought a factory on 12 February 2002 for ￡156,000. At acquisition, professional fees incurred in acquiring the factory were ￡4,500. In May 2007 an extension was added to the factory at a cost of ￡32,000.In October 2015 Alexandrite Ltd sold the factory, which had always been used in its trade, for ￡321,000. Prior to the sale, Alexandrite Ltd repaired damage to fire doors following a break-in at a total cost of ￡3,000.What is the amount of the unindexed gain on the sale of the factory?

A ￡125,500 B ￡128,500 C ￡133,000 D ￡160,500

题型: 单选题 提问时间: 2021-08-24

查看答案

---

2 .Desperado Ltd sold a warehouse on 7 June 2016 for ￡315,000. The factory was purchased on 22 January 1999 for ￡154,000. Retail price indices are 163.4 for January 1999 and 256.7 for June 2016.What is Dash Ltd’s chargeable gain on the disposal of the factory?

A ￡73,066 B ￡91,931 C ￡94,934 D ￡161,000

题型: 单选题 提问时间: 2021-08-24

查看答案

---

3 .For the tax year 2015–16 Samantha has chargeable gains of ￡23,100. She has unused capital losses of ￡25,700 brought forward from the tax year 2014–15.What amount of unused capital losses can Samantha carry forward to the tax year 2016–17?

A ￡2,600 B ￡12,000 C ￡13,700 D ￡25,700

题型: 单选题 提问时间: 2021-08-24

查看答案

---

4 .For the tax year 2015–16, Nog has a chargeable gain of ￡23,700 and a capital loss of ￡10,400. She has unused capital losses of ￡6,100 brought forward from the tax year 2014–15.What amount of capital losses can Nog carry forward to the tax year 2016–17?

A ￡3,900 B Nil C ￡6,100 D ￡2,200

题型: 单选题 提问时间: 2021-08-24

查看答案

---

5 .Which of the following statements is/are correct?(1) An individual is subject to capital gains tax on the disposal of chargeable assets during any tax year in which they are resident in the UK(2) A company is subject to corporation tax on gains from the disposal of chargeable assets if it is resident in the UK(3) The disposal of a chargeable asset between civil partners is an exempt disposal(4) The transfer of chargeable assets between companies in a chargeable gains group is automatically treated as an exempt disposal

A 1, 2, 3 and 4 B 1 and 2 only C 1, 3 and 4 only D 2, 3 and 4 only

题型: 单选题 提问时间: 2021-08-24

查看答案

---

7 .Which of the following statements is/are correct?(1) When a limited company has a capital loss, it is first set off against any chargeable gains arising in the same accounting period(2) Any remaining capital loss may be set against other income of the accounting period(3) Any capital loss unutilised in the accounting period is then carried forward and set off against the first available chargeable gains of future accounting periods(4) Any capital loss unutilised in the accounting period may be carried back and set off against the chargeable gains of the immediately preceding accounting period

A 1 only B 1, 2 and 3 C 1, 2 and 4 D 1 and 3

题型: 单选题 提问时间: 2021-08-24

查看答案

---

8 .In 2010, Finlay bought a painting for ￡75,000. In November 2015 it was damaged by smoke in a fire. In December 2015 it was valued at ￡60,000 and Finlay received compensation from the insurance company of ￡20,000 for the damage. Finlay spent none of the money on restoration.What is the chargeable gain or allowable loss arising on the receipt of the compensation?

A ￡15,000 loss B No gain/no loss C ￡1,250 gain D ￡5,000 gain

题型: 单选题 提问时间: 2021-08-24

查看答案

---

9 .On 28 October 2016 Leroy sold an antique vase for ￡12,800. The vase had been purchased on 28 February 2007 for ￡1,300.What is Leo’s chargeable gain on the disposal of the vase?

A ￡3,660 B ￡6,100 C ￡10,167 D ￡10,400

题型: 单选题 提问时间: 2021-08-24

查看答案

---

10 .On 21 March 2016 Jason sold six acres of land for ￡69,000. He had originally purchased nine acres on 17 July 2006 for ￡54,000. The market value of the unsold three acres as at 21 March 2016 is ￡40,500.What is cost of the six acres of land that Jason has sold for CGT purposes?

A ￡37,333 B ￡40,000 C ￡49,286 D ￡55,200

题型: 单选题 提问时间: 2021-08-24

查看答案

---