Which of the following is correctly mentioned regarding tax relief for Gift and Charity Payments?

a.

Increase the basic rate band limit and higher rate band limit by the amount of paid for Gift and charity payment

b.

Increase the basic rate band limit only by the amount paid for gift and charity payments

c.

Increase the basic rate band limit only by gross amount paid for gift and Charity payments

d.

Increase the basic rate band limit and higher rate band limit by gross amount paid for Gift and charity payments

Which of the following is not chargeable person for capital gain tax purposes?

a.

An individual who is resident in the UK

b.

None of these

c.

A company which is resident in the UK

d.

A partner in a UK partnership

he following are the examples of tax evasion, except

a.

under reporting incomes to the tax authorities

b.

establishing an offshore company in a low-income tax rate country

c.

hiding assets in an offshore bank account

d.

reporting personal expenses as tax-deductible business expenses

Which of the following interest payment qualifies for deduction from the total income of an individual under UK Tax Rules?

a.

Interest paid on loan taken to purchase bonds in an employee-controlled trading company by a full-time employee.

b.

Interest paid on loan taken to purchase of machinery by employed person for his own business use.

c.

Interest paid on loan taken to purchase Gilt-edged securities

d.

Interest paid on loan taken to purchase of machinery by a partner for use in partnership firm.