3644

Question 1: Capital Gains Tax Weighting
A. The capital gain in relation to the family home 2 Marks
B. Capital gain or loss made from the car 1 Mark
C. The capital gain in relation to the sale of the business 3 Marks
D. The capital gain in relation to selling the furniture 2 Marks
E. The capital gain in relation to selling the paintings 2 Marks
QUESTION 1 TOTAL MARKS: 10 MARKS
Question 2: Capital Allowance Weighting
Issue: Identify and discuss the problem. 1 Mark
Law and Application: Discussion of the first element of the cost of the CNC
machine. Set out the legal principles that will be used to address the problem.
Source legal principles from cases and legislation.
3 Marks
Law and Application: Discussion of the second element of the asset’s cost,
i.e. the start time for calculating the decline in the value of the CNC machine.
Set out the legal principles that will be used to address the problem. Source
legal principles from cases and legislation.
3 Marks
Concluding discussions: Concluding discussions regarding the exact start
time of holding the CNC machine for depreciation purposes, and the total
cost of the machine. Set out the legal principles that will be used to address
the problem. Source legal principles from cases and legislation.
2 Marks
Conclusion: Stand back and play ‘the judge.’ Choose the argument and
conclusions you think is the strongest and articulate what you believe to be
the appropriate answer.
1 Mark
QUESTION 2 TOTAL MARKS:

Attachments:

Taxx-laww-ass….pdf