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Hi,
see that everybody are talking about that chargeable gain re non-wasting chattels. I put 7200 as this amount represents gross sale proceeds, so my calculation was 5/3 * (7200-6000).Don’t remember all questions in order but…
Delilah and Samson (lol) – i put the car benefit and a whole expense for the chauffer because she had a car the whole time during the tax year and chauffer is always charged as a separate benefit… donations under a payroll deduciton scheme- i deducted the amount from the gross salary. Gross gift aid donations I used to extend the basic and higher rate band. Also divided 9k savings income between Samson and Delilah. Samson had a reduction of PA, and Delilah was not entitled to PA at all.
Question 6- i am pretty sure that we had to divide the UL and LL by 20, because it said that Movement Ltd has 19 associated companies= 20 in total. For calculation of CT liability I used the main rate but for 2 periods FY 2013 and FY 2014. When that associated company transferred the loss to Movement it amounted to 14k I think because of not corresponding periods. For calculation of loss in 4 m period of cessation I did not use the indexed cost in the calculation of capital loss (but not sure if this is correct) because it would increase the overall loss.
Question where we needed to calculate the gain- in b part (first company) I used the ER, and in the second (shares gifted by father to daughter I think) i got the loss from sale of shares (2.15 per share * 40 000 were the sale proceeds)…
Don’t remember anymore 🙂
