How much will the woman pay?
A.£6. B.£8. C.£10.
第1题:
5 (a) Carver Ltd was incorporated and began trading in August 2002. It is a close company with no associated
companies. It has always prepared accounts to 31 December and will continue to do so in the future.
It has been decided that Carver Ltd will sell its business as a going concern to Blade Ltd, an unconnected
company, on 31 July 2007. Its premises and goodwill will be sold for £2,135,000 and £290,000 respectively
and its machinery and equipment for £187,000. The premises, which do not constitute an industrial building,
were acquired on 1 August 2002 for £1,808,000 and the goodwill has been generated internally by the
company. The machinery and equipment cost £294,000; no one item will be sold for more than its original cost.
The tax adjusted trading profit of Carver Ltd in 2007, before taking account of both capital allowances and the
sale of the business assets, is expected to be £81,000. The balance on the plant and machinery pool for the
purposes of capital allowances as at 31 December 2006 was £231,500. Machinery costing £38,000 was
purchased on 1 March 2007. Carver Ltd is classified as a small company for the purposes of capital allowances.
On 1 August 2007, the proceeds from the sale of the business will be invested in either an office building or a
portfolio of UK quoted company shares, as follows:
Office building
The office building would be acquired for £3,100,000; the vendor is not registered for value added tax (VAT).
Carver Ltd would borrow the additional funds required from a UK bank. The building is let to a number of
commercial tenants who are not connected with Carver Ltd and will pay rent, in total, of £54,000 per calendar
quarter, in advance, commencing on 1 August 2007. The company’s expenditure for the period from 1 August
2007 to 31 December 2007 is expected to be:
£
Loan interest payable to UK bank 16,000
Building maintenance costs 7,500
Share portfolio
Shares would be purchased for the amount of the proceeds from the sale of the business with no need for further
loan finance. It is estimated that the share portfolio would generate dividends of £36,000 and capital gains, after
indexation allowance, of £10,000 in the period from 1 August 2007 to 31 December 2007.
All figures are stated exclusive of value added tax (VAT).
Required:
(i) Taking account of the proposed sale of the business on 31 July 2007, state with reasons the date(s) on
which Carver Ltd must submit its corporation tax return(s) for the year ending 31 December 2007.
(2 marks)
第2题:
欧洲美元的年利率为15%,欧洲英镑的年利率为10%,即期汇率为E=$2.00/£。如果12月期汇率不是$2.10/£,而是$2.15/£,套利者若要获利会如何操作。
A.按E=$2.00/£即期汇率买入英镑
B.按$2.15/£远期汇率卖出英镑
C.按E=$2.10/£远期汇率买入英镑
D.按E=$2.00/£即期汇率卖出英镑
第3题:
14、欧洲美元的年利率为15%,欧洲英镑的年利率为10%,即期汇率为E=$2.00/£。如果12月期汇率不是$2.10/£,而是$2.15/£,套利者若要获利会如何操作。
A.按E=$2.00/£即期汇率买入英镑
B.按$2.15/£远期汇率卖出英镑
C.按E=$2.10/£远期汇率买入英镑
D.按E=$2.00/£即期汇率卖出英镑
第4题:
6 Sergio and Gerard each inherited a half interest in a property, ‘Hilltop’, in October 2005. ‘Hilltop’ had a probate value
of £124,000, but in November 2005 it was badly damaged by fire. In January 2006 the insurance company made
a payment of £81,700 each to Sergio and Gerard. In February 2006 Sergio and Gerard each spent £55,500 of the
insurance proceeds on restoring the property. ‘Hilltop’ was worth £269,000 following the restoration work. In July
2006, Sergio and Gerard sold ‘Hilltop’ for £310,000.
Sergio is 69 years old and a widower with three adult children and seven grandchildren. His annual income consists
of a pension of £9,900 and interest of £300 on savings of £7,600 in a bank deposit account. Sergio owns his home
but no other significant assets. He plans to buy a domestic rental property with the proceeds from the sale of ‘Hilltop’,
such that on his death he will have a significant asset which can be sold and divided between the members of his
family.
Gerard is 34 years old. He is employed by Fizz plc on a salary of £66,500 per year together with a performance
related bonus. Gerard estimates that he will receive a bonus in December 2007 of £4,500, in line with previous
years, and that his taxable benefits in the tax year 2007/08 will amount to £7,140. He also expects to receive
dividends from UK companies of £1,935 and bank interest of £648 in the tax year 2007/08. Gerard intends to set
up a personal pension plan in August 2007. He has not made any pension contributions in the past and proposes to
use part of the proceeds from the sale of ‘Hilltop’ to make the maximum possible tax allowable contribution.
Fizz plc has announced that it intends to replace the performance related bonus scheme with a share incentive plan,
also linked to performance, with effect from 6 April 2008. Gerard estimates that Fizz plc will award him free shares
worth £2,100 each year. He will also purchase partnership shares worth £700 each year and, as a result, will be
awarded matching shares (further free shares) worth £1,400.
Required:
(a) Calculate the chargeable gains arising on the receipt of the insurance proceeds in January 2006 and the sale
of ‘Hilltop’ in July 2006. You should assume that any elections necessary to minimise the gain on the receipt
of the insurance proceeds have been submitted. (4 marks)
第5题:
如果汇率由 £1=$1.2 变到£1=$1.4, 那么 价值$10的产品当前的英镑价格为()。
A.£8.33
B.£14
C.£7.14
D.£8.2