[bianka]

@aminb001 said:
I want to confirm whether part b stated that the 40000 shares were originally purchased at par value or not?

Yes, this is what it said – 40,000 shares subscribed (or maybe purchased, not sure on this one) at par, followed by a 1:1 bonus issue.

[bianka]

There was a remark to ignore the empl. allowance for class 1 NIC right after the question…

On the accommodation benefit – I have used the MV when first provided to the employee, I think it was in 2012. I have doubts about the improvements though – can’t remember when they were made…

[bianka]

I took all 3 bonuses as taxable income because speaking of employees, the earnings become taxable on the earlier of the date of entitlement or date of payment. (additional criteria apply for directors – date amount was credited in company’s accounts etc.)

@Pavlena, my result for the tax adjusted loss in question 6 was also (126,000).

[Author]

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