[saragul90]

Q1:

a. Post Income Tax for three year period which included incorporated business and individual income. including Capital Allowances and dividens. clearly stated not IR35 applicable.
b. Research and Development – revenue expenditure
c:

Q2: a: IHT implications: including advantages of lifetime gifts, and further information required from client for transfer value (diminution in value concept), BPR relief availability and basis of calculations,

CGT implication – calculation of base cost, gift relief claimed on asset previously.

ethics

Q3: was on trading losses ( i did not attempt this one, so cant remember much)

Q4: Partnership – One partner retiring, deduction of Overlap profits, PSA, and calculation of income tax liability

IHT – PET vs death gift. tax implications

VAT partial exemption, exempt supplies.. calculation not required, explanation. impact of lease inclusive of VAT on profits.

Q5: Accommodation benefit, two alternatives. One owned property of company one rental.

EMI vs CSOP and calculation required on disposal.

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