问答题

问答题 (a) Compute Sally’s taxable capital gain, if any, arising on the incorporation of her sole trader business, giving a relevant explanation for any element of the transaction that you treat as not giving rise to a capital gain in this year. (14 marks)

问答题 (b) Calculate the base cost of Sally’s shares in No Fuss Catering Ltd, which will be allowable against a future disposal of her shares. (2 marks)

问答题 (c) Advise Sally on the capital gains implications of the disposal of her shares in the German company, Deutsche Telekom. Note: you are not required to prepare any calculations for this part. (4 marks)