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A company resident in Jamaica purchased the following assets in 2021: (a) What would be the difference in capital allowances for 2022 if this company

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A company resident in Jamaica purchased the following assets in 2021: (a) What would be the difference in capital allowances for 2022 if this company were resident in Trinidad and Tobago instead of Jamaica for tax purposes. (15 marks) (b) State the reasons for the difference. (2 marks) (c) Explain two circumstances in which obtaining capital allowances on the reducing balance basis is more beneficial than on the straight-line basis. (2 marks). (d) Discuss how tax residence and non-residence are generally charged to tax

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