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1、2017年6月ACCA考试P6高级税务真题(总分：120.00，做题时间：195分钟)一、Section A(总题数：2，分数：60.00)Your manager has sent you the notes she prepared following a meeting with Pippin, an established client of your firm who is resident and domiciled in the UK. The notes together with an email from your manager are set out below.Mee
2、ting notes from your manager dated 8 June 2017Commencement of Pinova businessPippin intends to start a new unincorporated business, Pinova, on 1 August 2017. He has identified two alternative strategies: strategy A and strategy B.The budgeted tax-adjusted profit/(loss) of the two strategies are set
3、out below. These figures are before the adjustments necessary in respect of the equipment purchases and employment costs (see below).Equipment purchases and employment costsThe above profit/loss figures need to be adjusted in respect of the following: Both strategies will require Pippin to purchase
4、equipment in August 2017 for 8,000. Strategy B will require two employees from 1 April 2018. Pippin will pay each of them a gross salary of 2,000 per month. He will also pay them 050 per business mile for driving their own cars. He expects each of them to drive 250 business miles per month. Strategy
5、 A will not require any employees.Pippin will claim the maximum capital allowances available to him. He will also claim opening years loss relief in respect of the trading loss arising under strategy B.Cessation of previous businessPippins previous unincorporated business ceased trading on 31 Decemb
6、er 2016. The taxable profits of the business for its final three tax years were: 2014/15 82,0002015/16 78,0002016/17 14,000Pippin had no other taxable income during these three years.Receipt of 75,000Pippins aunt, Esme, died on 31 January 2017.On 1 September 2011, Esmes father (Pippins grandfather)
7、died leaving the whole of his estate to Esme. However, on 1 January 2012 Pippin received 75,000 but cannot remember whether the money came from Esme or from his grandfathers estate.On 1 November 2011, Esme had transferred cash of 375,000 to a trust for the benefit of her children.Shares in Akero Ltd
8、Pippin owns 16,000 shares in Akero Ltd which have a current market value of 450 per share. Pippin subscribed 16,000 for these shares on 4 January 2015. Pippin obtained income tax relief of 4,800 (16,000 x 30%) under the enterprise investment scheme (EIS) in the tax year 2014/15. He also claimed EIS
9、deferral relief in that year of 16,000 in relation to a chargeable gain on the sale of a painting.Pippin is considering selling 5,000 of his Akero Ltd shares in order to fund his personal expenditure during the start-up phase of the Pinova business.Extract from an email from your manager dated 8 Jun
10、e 2017Please prepare a memorandum for the client files which addresses the following issues:(i) Additional funds required for the 20-month period from 1 August 2017 to 31 March 2019Pippins taxable income will consist of the profits of the Pinova business and, for the tax year 2018/19 onwards, he exp
11、ects to receive dividend income of 1,500 per year. His personal expenditure is 4,000 per month.I want you to complete the table below to calculate the additional funds which Pippin would require during the first 20 months of the business under each of the two strategies (A and B) after putting aside
12、 sufficient funds to settle his tax liabilities for the tax years 2017/18 and 2018/19. You should then evaluate the two strategies by reference to the results of your calculations.Pippin and I calculated his total pre-tax cash receipts; you do not need to check them. The only adjustment required to
13、these pre-tax cash receipts is the cost of employing the two employees.(ii) Receipt of 75,000Explain, with supporting calculations, the inheritance tax implications for Pippin of the receipt of the 75,000.(iii) Sale of shares in Akero LtdExplain the tax liabilities which would result if Pippin were
14、to sell 5,000 of his Akero Ltd shares in the tax year 2017/18.Tax managerRequired: Prepare the memorandum as requested in the email from your manager. The following marks are available:（分数：35）(1).Additional funds required for the 20-month period from 1 August 2017 to 31 March 2019.（分数：20）_正确答案：(Pipp
15、inMemorandumClient PippinSubject Pinova businessPrepared by Tax seniorDate 8 June 2017Additional funds required for the 20-month period from 1 August 2017 to 31 March 2019Tutorial note: Non-payment of class 2 NIC can affect the availability of state benefits, including the state pension. Accordingly, it may be advisable for Pippin to pay the class 2 NIC contributi
