BTC - BPP Practice Exam 1

Task 2.1 Practice Exam 1 in the BPP Combined Companion for BTC Unit 18 is troubling me.

The question concerns a Limited Company and asks us to calculate the gain arising from the disposal of the shares, assuming that she claims entrepreneurs' relief.
The answer has set up the fixed asset 1985 pool, and has indexed the costs, although there is no mention of indexation factors in the data given.

So, does entrepreneurs' relief for Ltd companies mean indexation allowance? And not the relief of reducing the gains by 4/9 as with individuals?

Thanks in advance

Angharad

Comments

  • angharadmai
    angharadmai Registered Posts: 41 ? ? ?
    Have found the indexation factors at the end of the practice exam, along with the other tax rates etc that we're given.

    Still would like explanation of entrepreneurs' relief for Limited companies.

    Thanks

    Angharad
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