Q154 Option 4\

Hali Goma
2018/19 2018/19
Chargeable Gain 16000 Chargable gain 6900
(-) AE -12000 (-) c/y cap loss -6900
4000 0
(-) C/f capital loss -4000 (-) AE waste
0 0

2017/18 Cap loss 39300 2018/19 cap loss 9100

(-) 2018/19 relief -4000 (-) c/y loss relief -6900
b/f to 2019/20 35300 b/f to 2019/20 2200

Q155
Hali's sale
Cost figure = £1 per share x 5000 share Value per share
= 5000 = 4.95 per share
Goma gave to Hali ( No gain No loss transfer)

Disposal Vale 1 per share 8000

(-) Cost 1 per share -8000
Gain 0 0

Q157
Destroy of antique table - Replacement within 1 year

Insurance proceed 62000

(-) Cost -44000
Gain 18000
(-) deferred gain -18000
Chargeable gain 0
= Cash surplus
= 62000 - 63600

Base cost of replacement antique table

= Replacement cost - deferred gain
= 63600 - 18000
45600

Q178
First property 674000
(-) mortgage -160000 514000
Second property 442000
 (-) Endowment 0 442000
956000

Q179 All in (2) and (3) = 324000

Q180
27900

Q181
Nil Rate Band Bal
= 325000 - Gross chargeable transfer (within 7 years) = 325000-220000

20-Mar-13 7-Nov-18 20-Mar-20

7 yr before PET => chargeable Died
Gross Value

Q182
70% unused = 325000 x 70% 227500

Ning' husband 2006/07 Unused = 70% x 285000 199500

285000 Nil Rate 199500

325000 Nil Rate ---- ?
= 199500x325000/285000
227500
 + Transfer unused nil rate band
105000