1. Alma holds 80% of NBB Ltd unquoted companies. she gives 20% holding to her daughter.

Shares holding on this date were valued at:

80% 450,0000

60% 300,000

20% 100,000

Required:

What is the value for IHT and capital gain tax (CGT) purposes?

• IHT: 100,000, CGT:100,000
• IHT 150,000, CGT: 300,000
• IHT: 150,00, CGT: 100,000

2. Tax avoidance is Legal

o True

o False

3.Which one of the following statements are true about inheritance tax?

• It is indirect tax.
• It is an environmental tax.
• It is a redistributive tax.

4.Which are the following types of income are exempt from income tax?

• Interest on an NS and I investment account.
• Premium bond prizes
• Interest on UK government
• Dividends on Shares held in an individual Saving account.

1. Dora is working as a secretary in UK embassy in Bahrain. She has job-related accommodation is cost 30,000 with an annual value of 1,700. What is the total taxable accommodation benefit for the tax year 2021/22?

• 1,700
• 30,000
• No Taxable benefit