Malcolm has his own manufacturing business and prepares accounts to 31 March. During the year ended 31 March 2022 the following transactions took place L 10 June 2021 - Purchased a car, which emits 48g/km of CO2, for 14,000 . 6 July 2021 - Purchased ottice furniture for 18,000. II.2 August 2021 - Sold an asset from the special rate pool for 400. It was originally acquired at a cost of 9,000 iv. 17 September 2021 - Purchased a car which emits 115g/km of CO2 for 21,000. v. 23 September 2021 - Purchased heat pumps for 6,000. These qualify for enhanced capital allowances, vi. 22 December 2021 - Sold an asset from the main rate pool for 3,000. It was originally acquired at a cost of 1,500 VIL 9 January 2022 - Purchased a car, which emits 136g/km of CO2, for 36,500. It has been agreed there is 20% private use of this car by Malcom vill, 22 January 2022 - Purchased manufacturing equipment for 210,000. Boven The brought forward tax written down balances of the capital allowance pools at the start of the year were 31,500 Main pool Special pool rate 14.750 Required: a) Calculate the capital gain or loss on each disposal and then calculate Tina's liability to capital gains tax (CGT) for 2021/22. 19 mar 5) Tina's sister owns her own house and is thinking of moving elsewhere. Explain the tax rules whereby a period of absence from the principal private residence can be reated as deemed occupation for CGT purposes 6 m Malcolm has his own manufacturing business and prepares accounts to 31 March. During the year ended 31 March 2022 the following transactions took place L 10 June 2021 - Purchased a car, which emits 48g/km of CO2, for 14,000 . 6 July 2021 - Purchased ottice furniture for 18,000. II.2 August 2021 - Sold an asset from the special rate pool for 400. It was originally acquired at a cost of 9,000 iv. 17 September 2021 - Purchased a car which emits 115g/km of CO2 for 21,000. v. 23 September 2021 - Purchased heat pumps for 6,000. These qualify for enhanced capital allowances, vi. 22 December 2021 - Sold an asset from the main rate pool for 3,000. It was originally acquired at a cost of 1,500 VIL 9 January 2022 - Purchased a car, which emits 136g/km of CO2, for 36,500. It has been agreed there is 20% private use of this car by Malcom vill, 22 January 2022 - Purchased manufacturing equipment for 210,000. Boven The brought forward tax written down balances of the capital allowance pools at the start of the year were 31,500 Main pool Special pool rate 14.750 Required: a) Calculate the capital gain or loss on each disposal and then calculate Tina's liability to capital gains tax (CGT) for 2021/22. 19 mar 5) Tina's sister owns her own house and is thinking of moving elsewhere. Explain the tax rules whereby a period of absence from the principal private residence can be reated as deemed occupation for CGT purposes 6 m
