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Question 4. Annelise bought the following shares in Rigault PLC: 6 October 2010 3 June 2012 11 December 2013 8 August 2020 22 August 2020

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Question 4. Annelise bought the following shares in Rigault PLC: 6 October 2010 3 June 2012 11 December 2013 8 August 2020 22 August 2020 5,000 2,000 1,000 2,500 1,000 E14,100 7,800 4,300 14,300 5,400 On 8 August 2020 she sold 6,200 shares for 39,500 Required: Compute her Capital Gains Tax Liability on the above transaction. She is a higher rate taxpayer for income tax and has no other Capital gains or losses. 5 marks Questions. Faith's business is registered for VAT. She is about to complete her VAT Return for the three months to 31" March 2021 She is completing the Input part of the Return and has invoices showing that she has incurred VAT on the following items during the quarter: The purchase of a new car which has been used privately as well as for business; Buying petrol for the car, Entertaining domestic suppliers; Entertaining overseas customers The purchase of equipment for use in the business Required: Indicate on which items Faith may recover input VAT paid and on which items she may not claim even though she has paid VAT on all of them. 5 marks

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