[单选题]
Jet Ltd realised the following gains and losses on the disposal of assets during the year ended 31 March 2016:(1) Gain of ￡86,000 on the sale of an investment property.(2) Loss of ￡5,900 on the sale of two cars used in the business. Each car cost and was sold for more than ￡6,000.How should these be treated in the corporation tax computation of Jet Ltd for the year ended 31 March 2016?
A .Investment property Chargeable gain; Two cars Exempt
B .Investment property Chargeable gain; Two cars Allowable capital loss
C .Investment property Exempt; Two cars Allowable capital loss
D .Investment property Exempt; Two cars Exempt
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .Pieter purchased a holiday home in July 2006. The holiday home cost ￡95,000 and he paid legal fees of ￡2,600 relating to the purchase.During 2011 he spent ￡6,700 on an extension to the kitchen and in 2014 he spent ￡3,300 on roof repairs following a storm. Pieter anticipates selling the house in the next few months.What is the total amount of allowable expenditure on the disposal of the holiday home?
A ￡97,600 B ￡100,900 C ￡104,300 D ￡106,600
题型:
单选题
提问时间:
2021-08-24
2 .For the tax year 2015–16 Arthur’s taxable income is ￡27,985. During the year he sold an antique chair which gave rise to a chargeable gain of ￡33,600.What is Arthur’s CGT liability for the tax year 2015–16?
A ￡4,050 B ￡5,920 C ￡6,300 D ￡9,028
题型:
单选题
提问时间:
2021-08-24
3 .What will an individual taxpayer achieve by making sufficient disposals in the tax year 2015–16 so that chargeable gains are at least ￡11,100?(1) The rate of CGT will be minimised(2) The due date will be delayed as long as possible(3) The benefit of the basic rate tax band will be maximised(4) The benefit of the annual exempt amount will be maximised
A 1 only B 1 and 3 only C 2 and 4 only D 4 only
题型:
单选题
提问时间:
2021-08-24
4 .Jade has calculated her taxable gains for the tax year 2015–16 to be ￡35,000. She is not sure about the correct treatment of the following items:(1) A gain of ￡3,900 on the sale of her five-year old racehorse which she has included in her calculation(2) Auctioneer’s fees of ￡600 which she has deducted from the ￡14,000 of sale proceeds for a painting which she sold at auctionWhat effect will the correct treatment of each of these items have on Jade’s taxable gains?
A Item (1) No effect; Item (2)Decrease B Item (1) Decrease; Item (2)No effect C Item (1) Increase; Item (2)Decrease D Item (1) No effect; Item (2)Increase
题型:
单选题
提问时间:
2021-08-24
5 .In March 2002, Morgan purchased the freehold of an office building for ￡642,000. Morgan sold the building in March 2016 for ￡1,250,100 and incurred ￡120,000 estate agents’ fees on the sale.He made no other disposals of chargeable assets during the tax year 2015–16 and his taxable income in the tax year 2015–16 was ￡37,495.What is Matthew’s capital gains tax liability for the tax year 2015–16?
A ￡85,860 B ￡133,560 C ￡136,668 D ￡167,160
题型:
单选题
提问时间:
2021-08-24
7 .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
8 .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
9 .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
10 .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
