Section A Answer ALL questions 1. Which one of the following would not be a chargeable...

 

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Section A Answer ALL questions 1. Which one of the following would not be a chargeable person for capital gains tax purposes? a) A registered charity b) Individuals who are resident in the UK c) The trustees of a trust or settlement d) The personal representatives of a deceased person 2. 3. Giants Ltd sold one quarter of a parcel of land for £200,000 in June 2014. The land was bought for £500,000 in May 2010. The remainder was valued at £860,000 immediately after the part disposal. What will be the unindexed gain? a) £105,660 b) £106,550 c) £105,650 d) £105,560 Singh is an employee of Jets Ltd. Throughout the tax year 2014/15, Jets Ltd provided Singh with a mobile telephone that cost £100 and health Insurance at a cost to Jets Ltd of £80 per month. The rate of Class 1A National Insurance contributions during 2014/15 was 13.8%. Class 1A contributions payable by Jets Ltd during 2014/15 amounted to: a) £132.48 b) £165.60 c) £160.08 None of the above Section A Answer ALL questions 1. Which one of the following would not be a chargeable person for capital gains tax purposes? a) A registered charity b) Individuals who are resident in the UK c) The trustees of a trust or settlement d) The personal representatives of a deceased person 2. 3. Giants Ltd sold one quarter of a parcel of land for £200,000 in June 2014. The land was bought for £500,000 in May 2010. The remainder was valued at £860,000 immediately after the part disposal. What will be the unindexed gain? a) £105,660 b) £106,550 c) £105,650 d) £105,560 Singh is an employee of Jets Ltd. Throughout the tax year 2014/15, Jets Ltd provided Singh with a mobile telephone that cost £100 and health Insurance at a cost to Jets Ltd of £80 per month. The rate of Class 1A National Insurance contributions during 2014/15 was 13.8%. Class 1A contributions payable by Jets Ltd during 2014/15 amounted to: a) £132.48 b) £165.60 c) £160.08 None of the above

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Answer to question 1 Correct answer is option a A registered charity Explanatio... View the full answer