Roy owns 3,500 ordinary shares in an unlisted company which has an issued share capital of 10,000
Question:
Roy owns 3,500 ordinary shares in an unlisted company which has an issued share capital of 10,000 ordinary shares. Roy's wife owns a further 1,600 shares. Shareholdings in the company are valued as follows:
Transcribed Image Text:
500 shares 4,600 shares 5,000 64,400 3,000 shares 5,100 shares 33,000 96,900 3,500 shares 43,750 Roy now transfers 500 of his shares to a relevant property trust. Cal culate the value of this transfer for IHT purposes.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Ignoring related property Roys estate has reduced in value by 10750 43750 33000 and this ...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Alex is 17 weeks pregnant. She comes into the clinic to get a alpha-fetoprotein test. A low result could indicate all of the following except
-
The partnership of Ramos, Rios, Safar, and Wong is being liquidated. It currently holds cash of $21,200 but no other assets. Liabilities amount to $32,500. The capital balances are Ramos (40% of...
-
Cricket Twenty Company Ltd, (the company) is a retailer of sports goods and sports equipment. The company was incorporated in Carland in 1998. It has an issued share capital of 100 ordinary shares of...
-
Limits from graph In this problem we evaluate limits from the graph. Consider the graph of f given in [Figure 1]. Evaluate each of the following limits (or explain why if the limit does not exist)....
-
What is multiple sclerosis?
-
Product quality assurance (QA) is a particularly tricky business in the dye manufacturing industry. A slight variation in reaction conditions can lead to a measurable change in the color of the...
-
Groups with unique patterns of values and philosophies that are consistent with the dominant organizational culture are called ____________. (a) countercultures (b) subcultures (c) sagas (d) rituals
-
Xon, a small oil company, purchased a new petroleum drilling rig for $1,800,000. Xon will depreciate the drilling rig using MACRS depreciation . The drilling rig has been leased to a drilling...
-
#7.) In circle K above, the area of sector JKL = 94 in. Determine m/JKL to the nearest tenth of a degree. A = 94 in K O x14 i
-
A company with seven 51% subsidiaries has taxable total profits of 140,000 for the year to 31 March 2018. Dividends received in the year were 50,000. Calculate the corporation tax liability for the...
-
T Ltd has owned 90% of the ordinary share capital of B Ltd for many years. Both are UK resident. Recent results for the two companies are as follows: Trading profit/(loss) Chargeable gains Gift Aid...
-
What are the two modes in which a proposition can be stated?
-
Determine an equation for the parabola that has a vertex at the point (1,2) and contains the point (3,-4). Then determine the y-coordinate for the point where the parabola intersects the y-axis.
-
Organization confrontation meetings and intergroup conflict resolution interventions share the objective of addressing workplace conflicts but differ in scope and focus. A confrontation meeting...
-
The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: Budgeted direct labor-hours 1st Quarter 2nd Quarter...
-
Platinum Tuition has provided the following extract from a cost report for the six months from January to June. Management considers the activities in these six months as within the relevant range...
-
The Widget Store is considering the addition of a new awesome device. Expected sales and costs for the new device: Annual production and sales 3 , 0 0 0 units Selling price per unit ...
-
Refer to the information provided for Plasma Screens Corporation in E127. In E127, The balance sheets for Plasma Screens Corporation and additional information are provided below. Required: 1....
-
Flicker, Inc., a closely held corporation, acquired a passive activity this year. Gross income from operations of the activity was $160,000. Operating expenses, not including depreciation, were...
-
Freys, Inc., sells a 12-year franchise to Red Company. The franchise contains many restrictions on how Red may operate its store. For instance, Red cannot use less than Grade 10 Idaho potatoes; must...
-
Thrasher Corporation sells short 100 shares of ARC stock at $20 per share on January 15, 2014. It buys 200 shares of ARC stock on April 1, 2014, at $25 per share. On May 2, 2014, Thrasher closes the...
-
Sally has taxable income of $160,000 as of November 30 of this year. She wants to sell a Rodin sculpture that has appreciated $90,000 since she purchased it six years ago, but she does not want to...
-
Question 3 of 17
-
A business's source documents: Multiple Choice Include the chart of accounts. Must be in electronic form. Are records of all increases and decreases in a specific asset Identify and describe...
-
Tax laws are constantly trying to catch up with new revenue sources. One good recent example are cryptocurrencies (virtual digital currencies). Read the attached article and discuss the following...
Study smarter with the SolutionInn App