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should we have commented on the materiality of $30,000 was not correct
should not we have commented on the no impairment in previous year
Q2 – specific enquiries and procedures for due diligence for internally generated client list and new acquired directory
what should we have write for this question
what did you mention for audit procedures on internally generated assetswhat i understand from explanation above is that
the shadow price of demand is equal to the maximum value that i can pay for obtaining one more unit of the binding constraintcould u illustrate me with one example since in the lectures it doesnt says anything
@tuuyen123 said:
about question 31:
MC = 208.66 ( material: 200, machine hours : 2, labour : 6.66)
MR = 400-0.0008Q
so get the P = 304.33
anyone got same answer?how did u do to get a=400
what happen if i forget to put question number in section c
will i lose all pointwhy dont we restrict amount of capital losses b/f
and why is capital losses b/f offset before offsetting trading lossesthe answers says
the maximum loss relief is greater of
remaining loss £105000-£43000
profits for 8 months ended 31.8.14 £64000(96000*8/12)i dont understand the calculation
but it is more than 6 years since it was first made available so it must use the market value and not cost of property?
THERE IS NO NOTES OR EXAMPLES ON JOINT CLAIM FOR GIFT RELIEF AND THIS QUESTION ASK ME TO COMPARE BETWEEN A JOINT CLAIM AND NOT A JOINT CLAIM
Bill Ding has run a construction company, High Rise Ltd since he purchased the entire shareholding for £112000 in 1999. He has worked for the company since purchase.
Bill has decided to retire and on 17 August 2015 Bill made a gift of his entire holding of High Rise Ltd shares to his daughter, Belle, who also works for the company. The market value of the shares on that date was £260000.
On 17 August 2015 the market value of High Rise Ltd’s chargeable assets was £180000, of which £150000 was in respect of chargeable business assets. Bill and his daughter have elected to hold over the gain of a business asset.
Belle plans to sell the shares in High Rise Ltd on 31 March 2016, when they are expected to be worth £265000 in order to fund a new business venture.
Neither Bill nor Belle has made any previous disposals chargeable to capital gains tax, and both are higher rate taxpayers.Required:
(a) Calculate the gains arising and capital gains tax liabilities for Bill and Belle on the gift of High Rise Ltd shares to Belle and the subsequent sale by Belle.Assume that Bill and Belle make a joint claim for gift relief, and state the due date for this claim.
(b) Recalculate the gains arising and capital gains liabilities for Bill and Belle, assuming a joint claim for gift relief is not made.
(c) Briefly conclude, including a calculation on the tax saving, on which route would be preferable for Bill and Belle.
