Peter sold a warehouse on 27 June 2015 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?

1 .Anna bought a house on 2 April 1989 which she sold on 31 March 2016, realising a gain of ￡150,000. The house was Anna’s principal private residence from the date of purchase until 30 September 2011, when she elected for another house to be her principal private residence. What chargeable gain arose on the sale?

A ￡8,333 B ￡16,667 C ￡20,000 D ￡25,000

题型: 单选题 提问时间: 2021-08-24

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2 .On 10 January 2016, a freehold property owned by Winifred was damaged by a fire. The property had been purchased on 29 May 2003 for ￡73,000. Winifred received insurance proceeds of ￡37,200 on 23 February 2016, and she spent a total amount of ￡41,700 during March 2016 restoring the property. Winifred has elected to disregard the part disposal.What is the base cost of the restored freehold property for capital gains tax purposes?

A ￡68,500 B ￡77,500 C ￡114,700 D ￡35,800

题型: 单选题 提问时间: 2021-08-24

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3 .Jenifer made the following transactions in the ordinary shares of Easter plc: Date Transaction Number of shares 20 July 2014 Bought 2,000 22 August 2016 Bought 1,200 22 August 2016 Sold 350 31 August 2016 Bought 400 30 September 2016 Bought 500 Against which acquisition will the disposal of shares on 22 August 2016 be matched?

A 20 July 2014 B 22 August 2016 C 31 August 2016 D 30 September 2016

题型: 单选题 提问时间: 2021-08-24

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4 .Jordan purchased ordinary shares in Birthday plc as follows: Date Number of shares Cost ￡ 31 July 1989 500 1,250 31 March 2016 1,500 4,400 10 April 2016 1,500 4,850 Jordan sold 500 shares on 15 May 2016 for ￡4,500. He made no further acquisitions of shares during 2016.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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5 .On 31 August 2013, Fernando bought 2,400 ordinary shares in Party plc at a cost of ￡6,600. On 31 March 2014 the company made a 1 for 10 bonus issue. On 31 March 2016, Fernando sold 400 shares for ￡900.What is the chargeable gain or allowable loss arising on the disposal?

A ￡200 loss B ￡100 loss C ￡100 gain D ￡200 gain

题型: 单选题 提问时间: 2021-08-24

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7 .In February 1994, Ronald bought land and buildings for use in his trade for ￡155,000. In June 2015 the land and buildings were sold for ￡620,000. In September 2015 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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8 .Janice owned shares in her personal trading company, Navros Ltd, which had cost ￡23,700. In August 2015 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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9 .Alice is in business as a sole trader. On 13 May 2015, she sold a freehold warehouse for ￡184,000, and this resulted in a chargeable gain of ￡38,600. Alice purchased a replacement freehold warehouse on 20 May 2015 for ￡143,000.Where possible, Alice always makes a claim to roll over gains against the cost of replacement assets. Both buildings have been, or will be, used for business purposes by Alice.What is the base cost of the replacement warehouse for capital gains tax purposes?

A ￡181,600 B ￡104,400 C ￡143,000 D ￡102,000

题型: 单选题 提问时间: 2021-08-24

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10 .Lapis Ltd commenced trading on 1 February 2014 and had the following periods of account:1 February 2014 to 31 July 20151 August 2015 to 30 April 2016The business was not successful and Lapis ceased to trade on 30 April 2016.What is the last day of Lapis Ltd’s first corporation tax accounting period?

A 31 July 2014 B 31 January 2015 C 30 April 2015 D 31 July 2015

题型: 单选题 提问时间: 2021-08-24

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