Section A Answer ALL questions 1. Which one of the following would not be a chargeable person for capital gains tax purposes? a) b) c) d) A registered charity Individuals who are resident in the UK The trustees of a trust or settlement The personal representatives of a deceased person 2. Giants Ltd sold one quarter of a parcel of land for 200,000 in June 2014. The land was bought for 500,000 in May 2010. The remainder was valued at 860,000 immediately after the part disposal. What will be the unindexed gain? a) b) c) d) 105,660 106,550 105,650 105,560 3. Singh is an employee of Jets Ltd. Throughout the tax year 2014/15, Jets Ltd provided Singh with a mobile telephone that cost 100 and health Insurance at a cost to Jets Ltd of 80 per month. The rate of Class 1A National Insurance contributions during 2014/15 was 13.8%. Class 1A contributions payable by Jets Ltd during 2014/15 amounted to: a) b) c) d) 132.48 165.60 160.08 None of the above