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[F6]ACCA每日一练F6 (UK) 答案回复可见

楼主#
更多 发布于:2010-10-15 09:23
3 Wilson Biazma is resident and ordinarily resident in the United Kingdom for tax purposes. He disposed of the following
assets during the tax year 2007–08:
(1) On 21 April 2007 Wilson sold a freehold office building for £246,000. The office building had been purchased
on 3 January 1990 for £104,000. Wilson has made a claim to rollover the gain on the office building against
the replacement cost of a new freehold office building that was purchased on 14 January 2007 for £136,000.
Both office buildings have always been used entirely for business purposes in a wholesale business run by Wilson
as a sole trader. The indexation factor from January 1990 to April 1998 is 0·360 and from January 1990 to
April 2007 it is 0·700.
(2) On 26 May 2007 Wilson incorporated a retail business that he had run as a sole trader since 1 June 2005. The
market value of the business on 26 May 2007 was £200,000. All of the business assets were transferred to a
new limited company, with the consideration consisting of 140,000 £1 ordinary shares valued at £140,000 and
£60,000 in cash. The only chargeable asset of the business was goodwill and this was valued at £120,000 on
26 May 2007. The goodwill has a nil cost. Wilson took full advantage of the available incorporation relief.
(3) On 17 August 2007 Wilson made a gift of his entire holding of 10,000 £1 ordinary shares (a 100% holding)
in Gandua Ltd, an unquoted trading company, to his daughter. The market value of the shares on that date was
£160,000. The shares had been purchased on 8 January 2007 for £112,000. On 17 August 2007 the market
value of Gandua Ltd’s chargeable assets was £180,000, of which £150,000 was in respect of chargeable
business assets. Wilson and his daughter have elected to hold over the gain on this gift of a business asset.
(4) On 3 October 2007 an antique vase owned by Wilson was destroyed in a fire. The antique vase had been
purchased on 7 November 2005 for £49,000. Wilson received insurance proceeds of £68,000 on 20 December
2007 and on 22 December 2007 he paid £69,500 for a replacement antique vase. Wilson has made a claim
to defer the gain arising from the receipt of the insurance proceeds.
(5) On 9 March 2008 Wilson sold ten acres of land for £85,000. He had originally purchased twenty acres of land
on 29 June 1999 for £120,000. The market value of the unsold ten acres of land as at 9 March 2008 was
£65,000. The land has never been used for business purposes.
Required:
(a) Briefly explain when a person will be treated as resident or ordinarily resident in the United Kingdom for a
particular tax year and state how a person’s residence status establishes whether or not they are liable to
capital gains tax.
Note: you are not expected to explain the rules concerning people leaving or coming to the United Kingdom.
(4 marks)
(b) Calculate Wilson’s chargeable gains for the tax year 2007–08, clearly identifying the effects of the reliefs
claimed in respect of disposals (1) to (4). (16 marks)
(20 marks)
 
 
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17acca就是大家学习ACCA的乐园~~
沙发#
发布于:2010-10-18 12:28
呵呵呵
板凳#
发布于:2011-03-06 16:56
求解……
地板#
发布于:2011-08-20 12:23
4楼#
发布于:2012-12-01 00:00
xiexie  ha  
北1992
大学②年级
大学②年级
5楼#
发布于:2012-12-01 22:59
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