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    Tax Reducers

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    f7vertexlearningsolutions

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    Tax Reducers

    Uploaded by

    f7vertexlearningsolutions
    16 views19 pages

    Original Title

    Tax Reducers (2)

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    16 views19 pages

    Tax Reducers

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    f7vertexlearningsolutions

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    You are on page 1of 19

    TAx REDUCERS Tax EFFECIENT INVESTMENTS

    Advance Taxation
    Tutor :

    Owais Mirchawala
    Practice Question No. 1: Practice Question No. 3:
    Practice Question No. 2:
    Mr. J has income of 120,000 during the year. He wants to invest 17,000 Mr. A had invested 40,000 in SEIS plan in 2025/26 and disposed off these
    Mr. A has income of 115,000 during the year. He wants to invest
    either in SEIS or pension. SEIS shares in 2027/28 for 25,000. His total incomes for each year were:
    11,000 either in SEIS or pension.
    Advice on which investment should be selected. - 2024/25: 15,000
    Advice on which investment should be selected.
    - 2025/26: 20,000
    - 2027/28: 80,000
    Calculate Tax payable for each relevant year.
    Practice Question No. 4: Practice Question No. 5:
    Mr. A had invested 30,000 in SEIS plan in 2025/26 and disposed off Mr. A had invested 40,000 in SEIS plan in 2025/26 and disposed off
    these SEIS shares in 2027/28 for 10,000. His total incomes for each these SEIS shares in 27/28 for 50,000. His total incomes for each year
    year were: were
    - 2024/25: 60,000 - 2024/25: 30,000
    - 2025/26: 85,000 - 2025/26: 25,000
    - 2027/28: 25,000 - 2027/28: 45,000
    Calculate Tax payable for each relevant year. Calculate Tax payable for each relevant year.
    Practice Question No. 6: Practice Question No. 7:
    Mr. A had invested 25,000 in EIS plan in 2025/26 and disposed off these Mr. A had invested 38,000 in EIS plan in 2025/26 and disposed off these
    EIS shares in 27/28 for 50,000. His total incomes for each year were EIS shares in 27/28 for 29,000. His total incomes for each year were
    - 2024/25: 15,000 - 2024/25: 39,000
    - 2025/26: 20,000 - 2025/26: 58,000
    - 2027/28: 18,000 - 2027/28: 67,000
    Calculate Tax payable for each relevant year. Calculate Tax payable for each relevant year.
    Practice Question No. 8: Practice Question No. 9:
    Mr. X invested 39,000 in VCT in 2025/26 when his income was 38,000. He Mr. X invested 25,000 in VCT in 2025/26 when his income was 52,000.
    disposed VCT shares for 12,000 in 2028/29 when his income was 27,000. He disposed VCT shares for 16,000 in 2027/28 when his income was
    Calculate Tax Payable for each relevant year. 37,000.
    Calculate Tax Payable for each relevant year.
    PAGE 179
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    PAGE 158

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