1
Q
What is the lower and upper limit for corp tax rates?
A
£50,000 - £250,000
2
Q
How is the marginal relief calculated?
A
(Upper limit - aug profits) x (TTP/AUg profits) x 3/200
3
Q
When does someone become liable for capital gains tax?
A
- When the contract is made
or - when conditions of the contract are met
4
Q
What happens if the WDA allowance is less than £1k?
A
Subtract the whole value as the allowance, we don’t find 18%
5
Q
Which of WDA, AIA and FYA is time apportined?
A
WDA defo is
FYA defo isn’t
AIA - the mil is time apportioned
6
Q
When do we start caring about balancing adjustments?
A
If it has an element of private use
7
Q
A
PTX
flashcards
Decks in class (7)
# Cards
