ACCA P6（United Kingdom）历年考试真题及答案大全（2003年-2008

ACCA P6（United Kingdom）历年考试真题及答案大全（2003年-2008年）

包含（2003年-2008年）ACCA P6（United Kingdom）历年考试真题及答案，文件列表如下：
Dec-2003.PDF、Dec-2004.PDF、Dec-2005.PDF、Dec-2006.PDF、Dec-2007.PDF、Dec-2008.PDF；
June-2003.PDF、June-2004.PDF、June-2005.PDF、June-2006.PDF、June-2007.PDF、June-2008.PDF；

Advanced Taxation
(UK Stream)

PART 3
WEDNESDAY 8 JUNE 2005

QUESTION PAPER
Time allowed 3 hours
This paper is divided into two sections
Section A BOTH questions are compulsory and MUST be
answered
Section B TWO questions ONLY to be answered
Tax rates and allowances are on pages 3-5

Section A – BOTH questions are compulsory and MUST be attempted
1 Today’s date is 8 June 2005.
David and Debbie were an elderly couple who had worked hard and over a number of years they built up a successful
family company, Dee Limited. Their success allowed them to accumulate a series of investments. David died in May
2005. Debbie is 66 and still in good health.
The couple had two children, Andrew and Allison. Andrew, aged 37, is single but is shortly to be married. He is the
managing director of the family trading company, Dee Limited, which was set up 30 years ago by David and Debbie.
Both Andrew and Allison are shareholders in the company, although Allison does not work for the company. She is
32, and lives abroad with her husband and two children (aged 2 and 4) in a villa gifted to her by Debbie in June
2003. The villa was worth ￡180,000 at that time, but the current value has fallen to ￡110,000 as a result of
exchange rate movements.
Dee Limited is currently worth ￡1,260,000 in total, and the value is unlikely to change in the foreseeable future. The
shareholdings in the company at the date of David’s death (May 2005) were held as follows:
Shareholders Shares %
David 3,000 60
Debbie 1,500 10
Andrew 1,000 20
Allison 1,500 10
In addition, David and Debbie had the following other assets as at the date of David’s death (May 2005):
Asset David Debbie
￡ ￡
Reversionary interest in trust 125,000 –
Family home (jointly owned) 275,000 275,000
Cash deposits 160,000 140,000
Paintings 112,000 116,300
Quoted shares in Don plc 125,000 125,000
(Representing a 6% holding for David and
a 1% holding for Debbie)
Death in Service policy 200,000 –
Additional information
The wills of David and Debbie currently leave all assets to the surviving spouse. On the death of the second spouse,
all assets pass to the children in equal proportions.
David gifted a holiday cottage worth ￡70,000 to Andrew in February 1998. The gift was on the condition that David
was allowed to occupy the cottage for two months per year, which he did up to the date of his death. The value of
the cottage is now ￡150,000.
David gifted ￡281,000 into a discretionary trust in June 1999. He paid the tax due himself. In addition, David also
gifted shares in Dee Limited to both his children in February 2000. Andrew received 20% of the shares, and Allison
received 10%. The values of holdings in Dee Limited on the relevant dates were as follows:
On gift At death
(Feb 2000) (May 2005)
￡ ￡
100% holding 900,000 1,260,000
190% holding 730,000 1,022,000
170% holding 475,000 1,665,000
160% holding 405,000 1,567,000
130% holding 175,000 1,245,000
120% holding 110,000 1,154,000
110% holding 150,000 11,70,000