CIMA Related Exams
F1 Exam
A conservative policy for financing working capital is one where short-term finance is used to fund:
Country Q has the following rules in respect of capital tax on the disposal of assets:
*Capital gains are subject to tax at 25%.
*Capital losses can only be carried forward and offset against future capital gains.
The following data relates to ABC:

How much capital tax will be payable on the capital gain recorded in 20X3?
Give your answer to the nearest $.
When calculating the gam chargeable to tax on the disposal of a building, which of the following would NOT be an allowable deduction?