Section B – TWO questions ONLY to be attempted
2022-01-07
Your firm has been asked to provide advice to Granada Ltd, and one of its shareholders, Maria. Maria wants advice on the tax consequences of selling some of her shares back to Granada Ltd. Granada Ltd wants advice on the corporation tax and value added tax (VAT) implications of the recent acquisition of an unincorporated business.
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5 (a) Carver Ltd was incorporated and began trading in August 2002. It is a close company with no associated
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(d) Evaluate the effect on Gerard of the changes to be made by Fizz plc to its performance related bonus scheme.
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(iii) The extent to which Amy will be subject to income tax in the UK on her earnings in respect of duties
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5 Gagarin wishes to persuade a number of wealthy individuals who are business contacts to invest in his company,
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(ii) The answers to any questions that the potential investors may raise in connection with the maximum
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(c) For commercial reasons, Damian believes that it would be sensible to place a new holding company, Bold plc,
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3 On 1 January 2007 Dovedale Ltd, a company with no subsidiaries, intends to purchase 65% of the ordinary share
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(c) Explanatory notes, together with relevant supporting calculations, in connection with the loan. (8 marks)
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