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Q: 11
Section A (1 Mark) Which of the following services are related to the field of Real Estate?
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Q: 12
Section B (2 Mark) According to the efficient markets view, value stocks earn higher expected return than growth stocks because:
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Q: 13
Section B (2 Mark) If after the partition of an HUF 2 members became partners in 3 firms on behalf of their respective HUFs and they also become partners in a fourth firm. The funds were obtained by means of loans from the other 3 firms. The share incomes of the members from the fourth firm were assessable as their individual income only.
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Q: 14
Section A (1 Mark) Debt investments in real estate, such as mortgages or deeds of trust, are called income property investments.
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Q: 15
Section A (1 Mark) The profits of a controlled foreign company which are apportioned to a UK company are charged to corporation tax at the UK company's average rate of tax.
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Q: 16
Section A (1 Mark) H Ltd, a UK resident company, owns 100% of the share capital of two other UK companies and 80% of the share capital of T SA, a company resident in Italy.H Ltd has three associated companies.
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Q: 17
Section B (2 Mark) In the year to 31 March 2012, a UK resident company made a UK trading profit of £800,000 and received net overseas income of £26,000 (net of 20% withholding tax). These were the company's only sources of income. The company also paid a qualifying charitable donation of £5,000. For double tax relief purposes, the charitable donation will be allocated as a deduction from the company's overseas income. True or False?
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Q: 18
Section A (1 Mark) The inventory turnover ratio and days sales outstanding (DSO) are two ratios that can be used to assess how effectively the firm is managing its assets in consideration of current and projected operating levels.
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Q: 19
Section A (1 Mark) If a married couple (or civil partners) receive joint income, the amount of that income will normally be divided equally between them for tax purposes. True or False?
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Q: 20
Section A (1 Mark) The cost which the Wealth management firms would generally not be able to fully absorb the revenue shock in the near future is known as Sticky Cost.
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Question 11 of 20 · Page 2 / 2

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