On 31 August 2012, Fernando bought 2,400 ordinary shares in Party plc at a cost of ￡6,600. On 31 March 2013 the company made a 1 for 10 bonus issue. On 31 March 2015, Fernando sold 400 shares for ￡900.What is the chargeable gain or allowable loss arising on the disposal?

1 .Which of the following statements about a taxpayer’s principal private residence is/are correct?(1) It is a chargeable asset for capital gains tax purposes.(2) Even if part of it is used exclusively for business purposes, the whole of any gain arising on its disposal is exempt from capital gains tax.

A 1 only B 2 only C Both 1 and 2 D Neither 1 nor 2

题型: 单选题 提问时间: 2021-08-24

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2 .Under the identification matching rules a disposal of shares in a quoted company can be matched to which of the following subsequent acquisitions?(1) The same class of shares in the same company(2) The same class of share in a similar company(3) A different class of share in the same company

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

题型: 单选题 提问时间: 2021-08-24

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3 .Ester made a gift of her entire shareholding of ￡1 ordinary shares in Arm plc to her daughter. On the date of the gift the shares were quoted at ￡15.12 – ￡15.69, with recorded bargains of ￡15.00, ￡14.60, ￡15.25 and ￡15.90.What market value will be used in calculating the chargeable gain arising from Ester’s gift of shares in Arm plc?

A ￡15.19 B ￡15.25 C ￡15.30 D ￡15.45

题型: 单选题 提问时间: 2021-08-24

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4 .Jenifer made the following transactions in the ordinary shares of Easter plc:Date Transaction Number of shares20 July 2012 Bought 2,00022 August 2014 Bought 1,20022 August 2014 Sold 35031 August 2014 Bought 40030 September 2014 Bought 500Against which acquisition will the disposal of shares on 22 August 2014 be matched?

A 20 July 2012 B 22 August 2014 C 31 August 2014 D 30 September 2014

题型: 单选题 提问时间: 2021-08-24

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5 .Jordan purchased ordinary shares in Birthday plc as follows: Date Number of shares Cost ￡ 31 July 1988 500 1,250 31 March 2015 1,500 4,400 10 April 2015 1,500 4,850 Jordan sold 500 shares on 15 May 2015 for ￡4,500. He made no further acquisitions of shares during 2015.What amount of cost should be deducted in determining the chargeable gain on the disposal of shares?

A ￡1,250 B ￡1,467 C ￡1,500 D ￡1,617

题型: 单选题 提问时间: 2021-08-24

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7 .Peter sold a warehouse on 27 June 2014 which resulted in a chargeable gain.During what period must reinvestment take place if Peter wishes to claim rollover relief in respect of this gain?

A 27 June 2013 to 27 June 2016 B 27 June 2013 to 27 June 2017 C 27 June 2014 to 27 June 2017 D 27 June 2014 to 27 June 2018

题型: 单选题 提问时间: 2021-08-24

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8 .In February 1993, Ronald bought land and buildings for use in his trade for ￡155,000. In June 2014 the land and buildings were sold for ￡620,000. In September 2014 Ronald bought replacement buildings for ￡420,000.What is the amount of the gain that can be rolled over?

A Nil B ￡200,000 C ￡265,000 D ￡465,000

题型: 单选题 提问时间: 2021-08-24

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9 .Which of the following are qualifying business assets for roll-over relief?(1) Motor cars(2) A warehouse(3) Fixed plant and machinery(4) Furnished holiday accommodation

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

题型: 单选题 提问时间: 2021-08-24

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10 .Janice owned shares in her personal trading company, Navros Ltd, which had cost ￡23,700.In August 2014 she gave the shares to her brother. At that date the market value of the shares was ￡82,500 and all of the chargeable assets of Navros Ltd were chargeable business assets.What amount of the gain can be held-over?

A Nil B ￡23,700 C ￡58,800 D ￡82,500

题型: 单选题 提问时间: 2021-08-24

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