ACCA考试F6税务（United+Kingdom）真题2015年12月及答案解析.doc

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1、ACCA 考试 F6 税务（United+Kingdom）真题 2015 年 12 月及答案解析(总分：99.99，做题时间：180 分钟)一、SUPPLEMENTARY INSTRU(总题数：1，分数：0.00)二、Section A ALL 15 q(总题数：15，分数：30.00)1.On 10 January 2015, a freehold property owned by Winifred was damaged by a fire. The property had been purchased on 29 May 2002 for 73,000. Winifred recei

2、ved insurance proceeds of 37,200 on 23 February 2015,and she spent a total of 41,700 during March 2015 restoring the property. Winifred has elected to disregard the part disposal. What is the base cost of the restored freehold property for capital gains tax purposes? （分数：2.00）A.68,500B.77,500C.114,7

3、00D.35,8002.Which TWO of the following items of expenditure are deductible in the calculation of an individuals taxable income? (1) A contribution into a personal pension scheme (2) A charitable gift aid donation (3) A contribution into an employers HM Revenue and Customs registered occupational pen

4、sion scheme (4) A charitable donation made under the payroll deduction scheme（分数：2.00）A.3 and 4B.1 and 2C.2 and 3D.1 and 43.Benjamin died on 30 November 2014 leaving an estate valued at 890,000. Inheritance tax of 276,000 was paid in respect of the estate. Under the terms of his will, Benjamin left

5、260,000 to his wife, a specific legacy of 120,000 (free of tax) to his brother, and the residue of the estate to his grandchildren. What is the amount of inheritance received by Benjamins grandchildren?（分数：2.00）A.614,000B.510,000C.354,000D.234,0004.Yui commenced trading on 1 April 2014, and register

6、ed for value added tax (VAT) from 1 January 2015. Her first VAT return is for the quarter ended 31 March 2015. During the period 1 April 2014 to 31 March 2015, Yui incurred input VAT of 110 per month in respect of the hire of office equipment. How much input VAT in respect of the office equipment ca

7、n Yui reclaim on her VAT return for the quarter ended 31 March 2015?（分数：2.00）A.660B.990C.330D.1,3205.Since 6 April 2014, Nicolas has let out an unfurnished freehold office building. On that date, the tenant paid Nicolas a premium of 82,000 for the grant of a 15-year lease. How much of the premium of

8、 82,000 will Nicolas include when calculating his property business profit for the tax year 201415?（分数：2.00）A.59,040B.22,960C.82,000D.5,4676.Wan ceased trading on 31 December 2014, having been self-employed since 1 January 2002. On 1 January 2014,the tax written down value of her plant and machinery

9、 main pool was 6,200. On 10 November 2014, Wan purchased a computer for 1,600. All of the items included in the main pool were sold for 9,800 on 31 December 2014. What is the balancing charge which will arise upon the cessation of Wans trade?（分数：2.00）A.4,716B.3,404C.2,000D.3,6007.For the year ended

10、30 June 2014, Forgetful Ltd had a corporation tax liability of 166,250, which it did not pay until 31 July 2015. Forgetful Ltd is not a large company. How much interest will Forgetful Ltd be charged by HM Revenue and Customs (HMRC) in respect of the late payment of its corporation tax liability for

11、the year ended 30 June 2014?（分数：2.00）A.1,801B.2,909C.5,403D.1,6628.Mammoth Ltd commenced trading on 1 January 2012. The companys augmented profits have been as follows: Period Year ended 31 December 2012 524,000 Year ended 31 December 2013 867,000 Year ended 31 December 2014 912,000 Throughout all o

12、f these periods, Mammoth Ltd had one associated company. What is the first year for which Mammoth Ltd will be required to pay its corporation tax liability by quarterly instalments?（分数：2.00）A.Year ended 31 December 2013B.None of the years ended 31 December 2012, 2013 or 2014C.Year ended 31 December

13、2014D.Year ended 31 December 20129.On 31 March 2015, Jessica sold a copyright for 28,800. The copyright had been purchased on 1 April 2009 for 21,000 when it had an unexpired life of 15 years. What is Jessicas chargeable gain in respect of the disposal of the copyright?（分数：2.00）A.NilB.20,400C.16,200

14、D.7,80010.Lorna has the choice of being either employed or self-employed. If employed, Lornas gross annual salary for the tax year 201415 will be 36,000. If self-employed, Lornas trading profit for the year ended 5 April 2015 will be 36,000. How much more national insurance contributions will Lorna

15、suffer for the tax year 201415 if she chooses to be employed rather than self-employed?（分数：2.00）A.841B.937C.698D.1,08011.Heng is a wealthy 45 year old who would like to reduce the potential inheritance tax liability on her estate when she dies. Which of the following actions will NOT achieve Hengs a

16、im of reducing the potential inheritance tax liability on her estate when she dies?（分数：2.00）A.Changing the terms of her will so that the residue of her estate goes to her grandchildren rather than her childrenB.Making lifetime gifts to trusts up to the value of the nil rate band every seven yearsC.C

17、hanging the terms of her will so that the residue of her estate goes to her husband rather than her childrenD.Making lifetime gifts to her grandchildren early in life12.Which of the following companies will be treated as resident in the UK for corporation tax purposes? (1) A Ltd, a company incorpora

18、ted in the UK, with its central management and control exercised in the UK (2) B Ltd, a company incorporated overseas, with its central management and control exercised in the UK (3) C Ltd, a company incorporated in the UK, with its central management and control exercised overseas (4) D Ltd, a comp

19、any incorporated overseas, with its central management and control exercised overseas（分数：2.00）A.1 onlyB.1, 2, 3 and 4C.2 and 3 onlyD.1, 2 and 3 only13.Taxes can be either capital taxes or revenue taxes, although some taxes are neither type of tax. Which is the correct classification for the followin

20、g three taxes? Value added Inheritance National insurance tax tax contributions（分数：2.00）A.Neither type Revenue tax Capital taxB.Revenue tax Capital tax Neither typeC.Capital tax Neither type Revenue taxD.Neither type Capital tax Revenue tax14.During the year ended 31 March 2015, Luck Ltd received th

21、e following dividends: From unconnected companies 4,680 From a company in which Luck Ltd has a 80% shareholding 3,870 From a company in which Luck Ltd has a 45% shareholding 1,260 These figures are the actual cash amounts received. What is the amount of Luck Ltds franked investment income (FII) for

22、the year ended 31 March 2015?（分数：2.00）A.6,600B.10,900C.5,940D.5,20015.For the tax year 201415, what are the latest dates by which a taxpayer, who does not wish to incur a penalty,should file a self-assessment tax return on paper or online? Paper tax return Online tax return（分数：2.00）A.31 October 2015

23、 31 January 2017B.31 October 2015 31 January 2016C.31 October 2016 31 January 2016D.31 October 2016 31 January 2017三、Section B ALL SIX (总题数：6，分数：70.00)1.You should assume that todays date is 1 March 2015.（分数：10.00）(1).(a) On 27 August 2014, Ruby disposed of an investment property, and this resulted

24、in a chargeable gain of 45,800. For the tax year 201415, Ruby has taxable income of 17,600. Required: Calculate Rubys capital gains tax liability for the tax year 201415 if this is her only disposal in that tax year. (2 marks)（分数：5.00）_(2).(b) In addition to the disposal already made on 27 August 20

25、14, Ruby is going to make one further disposal during the tax year 201415. This disposal will be of either Rubys holding of 1 ordinary shares in Pola Ltd, or her holding of 50p ordinary shares in Aplo plc. Shareholding in Pola Ltd Pola Ltd is an unquoted trading company, in which Ruby has a 10% shar

26、eholding. The shareholding was purchased on 14 July 2007 for 23,700 and could be sold for 61,000. Ruby has been an employee of Pola Ltd since 2005. Shareholding in Aplo plc Aplo plc is a quoted trading company, in which Ruby has a shareholding of 40,000 50p ordinary shares. Ruby received the shareho

27、lding as a gift from her father on 27 May 2010. On that date, the shares were quoted on the stock exchange at 212224. There were no recorded bargains on that date. The shareholding could be sold for 59,000. Neither entrepreneurs relief nor holdover relief is available in respect of this disposal. Re

28、quired: Calculate Rubys revised capital gains tax liability for the tax year 201415 if, during March 2015, she also disposes of either (1) her shareholding in Pola Ltd; or alternatively (2) her shareholding in Aplo plc. Note: The following mark allocation is provided as guidance for this requirement

29、: Pola Ltd (4.5 marks) Aplo plc (3.5 marks) (8 marks)（分数：5.00）_2.(1).(a) Inheritance tax legislation does not actually contain a definition of who is, and who is not, a chargeable person. Required: (i) Explain whether or not a married couple is treated as a chargeable person for inheritance tax purp

30、oses.(1 mark) (ii) State the special inheritance tax measures which are applicable to married couples. (2 marks)（分数：5.00）_(2).(b) Marcus died on 10 March 2015. He had made the following gifts during his lifetime: (1) On 14 January 2006, Marcus made a chargeable lifetime transfer of 290,000 to a trus

31、t. The trustees paid the lifetime inheritance tax of 3,000 which arose in respect of this gift. (2) On 3 February 2012, Marcus made a chargeable lifetime transfer of 420,000 to another trust. In addition to the gift, Marcus paid the related lifetime inheritance tax of 96,250 on this gift. (3) On 17

32、March 2012, Marcus made a gift (a potentially exempt transfer) of 30,000 1 ordinary shares in Scarum Ltd, an unquoted investment company, to his daughter. Before the transfer, Marcus owned all of Scarum Ltds issued share capital of 100,000 1 ordinary shares.On 17 March 2012, Scarum Ltds shares were

33、worth 5 each for a holding of 30%, 9 each for a holding of 70%, and 12 each for a holding of 100%. The nil rate band for the tax year 200506 is 275,000, and for the tax year 201112 it is 325,000.Under the terms of his will, Marcus left his entire estate to his wife. Required: Calculate the inheritan

34、ce tax which will be payable as a result of Marcuss death. Note: You should ignore the inheritance tax annual exemption. (7 marks)（分数：5.00）_3.Smart Ltd commenced trading on 1 September 2014. The companys sales for the first four months of trading were as follows: （分数：10.00）(1).(a) State, giving reas

35、ons, the date from which Smart Ltd was required to register for value added tax (VAT), and by when it was required to notify HM Revenue and Customs (HMRC) of the registration. (3 marks)（分数：2.50）_(2).(b) State how and when Smart Ltd will have to submit its quarterly VAT returns and pay any related VA

36、T liability.Note: You are not expected to cover substantial traders or the election for monthly returns. (2 marks)（分数：2.50）_(3).(c) State the circumstances when a VAT registered business like Smart Ltd, which is not using the VAT cash accounting scheme, would still have to account for output VAT at

37、the time that payment is received from a customer. (2 marks)（分数：2.50）_(4).(d) Advise Smart Ltd as to why it should be beneficial for the company to use the VAT cash accounting scheme.(3 marks)（分数：2.50）_4.(1).(a) Amanda, Beatrice and Claude have been in partnership since 1 November 2008, preparing ac

38、counts to 31 October annually. Daniel joined as a partner on 1 May 2014. Profits have always been shared equally. The partnerships recent tax-adjusted trading profits are as follows: （分数：3.33）_(2).(b) Francine is employed by Fringe plc. On 1 August 2014, Fringe plc provided Francine with a loan of 9

39、6,000 to help her purchase a holiday cottage. On 1 October 2014, the loan was increased by a further 14,000 so that Francine could renovate the cottage. Francine pays interest at an annual rate of 15% on this loan. The taxable benefit in respect of this loan is calculated using the average method. R

40、equired: Calculate Francines taxable benefit for the tax year 201415 in respect of the loan from Fringe plc.(3 marks)（分数：3.33）_(3).(c) Gregor has been self-employed since 6 April 2001. He has the following income and chargeable gains for the tax years 201314 and 201415: （分数：3.33）_5.Samson and Delila

41、h are a married couple. Samson was born on 24 June 1964 and Delilah was born on 6 May 1962.They are both employed by Rope plc, and Delilah is also a partner in a partnership. The following information is available in respect of the tax year 201415: Samson During the tax year 201415, Samson was paid

42、a gross annual salary of 112,000 in respect of his employment with Rope plc. Delilah (1) During the tax year 201415, Delilah was paid a gross annual salary of 184,000 in respect of her employment with Rope plc. (2) Throughout the tax year 201415, Rope plc provided Delilah with a petrol powered motor

43、 car which has a list price of 67,200, and an official CO2 emission rate of 207 grams per kilometre. Rope plc does not provide Delilah with any fuel for private journeys. Delilah was unable to drive her motor car for a period during the tax year 201415 because of a skiing accident, and during this p

44、eriod Rope plc provided her with a chauffeur at a total cost of 9,400. (3) Delilah pays an annual professional subscription of 450 which is relevant to her employment with Rope plc.Delilah also pays an annual membership fee of 1,420 to a golf club which she uses to entertain Rope plcs clients. Rope

45、plc does not reimburse Delilah for either of these costs. (4) During the tax year 201415, Delilah donated 250 (gross) per month to charity under the payroll deduction scheme operated by Rope plc. (5) Delilah has been in partnership with Esther and Felix for a number of years. The partnerships tax ad

46、justed trading profit for the year ended 31 December 2014 was 93,600. Esther is paid an annual salary of 8,000,with the balance of profits being shared 40% to Delilah, 30% to Esther and 30% to Felix. (6) During the tax year 201415, Delilah paid interest of 6,200 (gross) on a personal loan taken out to purchase her share in the partnership. (7) During the tax year 201415, Delila