What was the chargeable gain arising on the disposal of the plot of land?

1 .K Ltd was incorporated and started trading on 1 July 2016 and prepared its first set of accounts to 31 December 2016. During the six-month accounting period to 31 December 2016, it purchased two vehicles: ￡ 28 November 2016 Motor car [1] (CO2 emissions 146g/km) 15,400 2 December 2016 Motor car [2] (CO2 emissions 111g/km) 30,400 Motor car [1] is used 20% for private purposes by a director of K Ltd.What are the capital allowances to which K Ltd is entitled for the period to 31 December 2016?

A ￡4,122 B ￡3,352 C ￡6,704 D ￡3,229

题型: 单选题 提问时间: 2021-08-24

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2 .L plc prepares accounts to 31 March each year. L plc sold its 2% holding of shares in S Ltd on 15 November 2016 for ￡30,000. L plc had purchased the S Ltd shares at a cost of ￡8,000 in May 2008. The RPI in May 2008 was 215.1 and in November 2016 is assumed to be 263.0. This was the only disposal of a chargeable asset during the year to 31 March 2017.What is L plc’s chargeable gain to be included in its calculation of total profits for the year to 31 March 2017?

A ￡22,000 B ￡20,219 C ￡17,101 D ￡9,119

题型: 单选题 提问时间: 2021-08-24

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3 .What is the base cost of the new warehouse purchased in March 2017?

A ￡162,000 B ￡155,000 C ￡144,000 D ￡140,000

题型: 单选题 提问时间: 2021-08-24

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4 .What was the chargeable gain arising on the takeover of Grey Ltd?

A ￡8,000 B ￡24,000 C ￡16,000 D ￡64,000

题型: 单选题 提问时间: 2021-08-24

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5 .What was the chargeable gain (if any) arising on the disposal of the machinery?

A ￡Nil B ￡5,500 C ￡2,500 D ￡5,000

题型: 单选题 提问时间: 2021-08-24

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7 .Which TWO of the following statements about the use of the capital loss in the year ended 31 March 2018 are correct?(1) The capital loss can be carried back against chargeable gains made in the year ended 31 March 2017(2) The capital loss can be set against chargeable gains made in the year ended 31 March 2018(3) The capital loss can be set against total profits in the year ended 31 March 2018(4) The capital loss can be carried forward and set against the first available chargeable gains

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

题型: 单选题 提问时间: 2021-08-24

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8 .What is the date by which Thai Curry Ltd’s self-assessment corporation tax return for the year ended 31 March 2017 should be submitted?

A 31 December 2017 B 31 January 2018 C 31 March 2018 D 31 July 2018

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9 .What is the total amount of late filing penalties that will be charged on Thai Curry Ltd if it submits its return for the year ended 31 March 2017 and pays the corporation tax due eight months late?

A ￡3,262 B ￡6,525 C ￡6,725 D ￡3,462

题型: 单选题 提问时间: 2021-08-24

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10 .How should Thai Curry Ltd’s corporation tax liability for the year ended 31 March 2017 be paid?

A ￡32,624 on 1 January 2018 B ￡11,000 on 31 January 2017 and 31 July 2017, ￡10,624 on 31 January 2018 C ￡8,156 on 14 October 2016, 14 January 2017, 14 April 2017 and 14 July 2017 D ￡5,500 on 14 October 2016, 14 January 2017 and 14 April 2017, ￡16,124 on 14 July 2017

题型: 单选题 提问时间: 2021-08-24

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