1
Q
Max investment by one person
A
£1 million pa
2
Q
Max funds a company can raise
A
£5 million in any 12 months
3
Q
% IT reducer
A
30%
4
Q
Gains
A
- Tax free if sold after 3 years
- Can postpone any gain as with rollover relief
5
Q
Number of employees in company
A
250
ACCA - P6
flashcards
Decks in class (18)
# Cards
-
Unapproved option schemes3
-
Approved option schemes3
-
Share incentive plan6
-
EIS5
-
SEIS5
-
VCT5
-
Partial exemption (VAT)4
-
Basis of assessment (opening)2
-
Basis of assessment (closing)3
-
CFCs3
-
Capital goods scheme2
-
VAT reg and de-reg6
-
Trusts4
-
Cash accounting scheme -VAT4
-
Flat accounting scheme-VAT3
-
Annual accounting scheme-VAT3
-
Furnished holiday letting3
-
Disputes1
