BTC Paper Based Exam

CTB02

I am sitting Business Tax in June( paper based) I am working through Osbourne book to help me with my revision and have now answered questions that the answers are not included, don't suppose any one would have the answeres to 4.4 & 4.5 on Chargeable gains by any chance?

rehana

workbook or tutorial ?

CTB02

Tutorial, thanks

rehana

4.4

Factory
CG is nil (indexation is restricted to avoid turning an unindexed gain into a loss)

Land
CG is £14420

4.5
Shares
CG is £8451
The disposal in Jan 2000 will be matched with the pool and deducted from it before the current disposal is dealt with

Machine
CG is £1500
Total CG from both is £9951

Since the machine is sold for more than the original cost,the original cost is deducted in the capital allowance computation instead of the disposal proceeds.There will be no balancing charge since machine is in the main pool

These are the answers from my Osbourne 2009/10 books for asseeements from autumn 2010 to summer 2011

CTB02

Thanks rehana!