Question 1c ii
Marking Guide
(ii) Calculations
Capital receipt 1·5
Income receipt
Taxable income 1·5
Tax liability 2·5
Increase in tax cost due to income tax treatment 0·5
––––
6
––––
(ii) Calculations
Capital receipt 1·5
Income receipt
Taxable income 1·5
Tax liability 2·5
Increase in tax cost due to income tax treatment 0·5
––––
6
––––