Question 5a ii
Marking Guide
(ii) Income tax
Taxable property income 2
Allocated equally 1
First five tax years 1·5
Final tax year 1
Capital gains tax
Gift of 20% interest is at no gain, no loss 1
Capital gains tax if the proposals are not carried out 1·5
Capital gains tax if the proposals are carried out 2·5
Total saving 0·5
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11
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