建设工程风险损失包括（）

(ii) Advise Andrew of the tax implications arising from the disposal of the 7% Government Stock, clearly

identifying the tax year in which any liability will arise and how it will be paid. (3 marks)

(ii) Advise Mr Fencer of the income tax implications of the proposed financing arrangements. (2 marks)

(b) (i) Advise Benny of the income tax implications of the grant and exercise of the share options in Summer

Glow plc on the assumption that the share price on 1 September 2007 and on the day he exercises the

options is ￡3·35 per share. Explain why the share option scheme is not free from risk by reference to

the rules of the scheme and the circumstances surrounding the company. (4 marks)

(b) (i) Calculate Amanda’s income tax payable for the tax year 2006/07; (11 marks)

(b) (i) Advise Alasdair of the tax implications and relative financial risks attached to the following property

investments:

(1) buy to let residential property;

(2) commercial property; and

(3) shares in a property investment company/unit trust. (9 marks)

(ii) List the additional information required in order to calculate the employment income benefit in respect

of the provision of the furnished flat for 2007/08 and advise Benny of the potential income tax

implications of requesting a more centrally located flat in accordance with the company’s offer.

(4 marks)

The ability-to-pay concept is fundamental to the income tax structure. Constructs used to implement this concept include？()I. Deductions.II. Progressive tax rates.III. Exclusions.IV. Business losses.

A、Only statement II is correct

B、Statements I, III, and IV are correct

C、Statements I, II, and IV are correct

D、Statements I and III are correct

E、Statements I, II, III, and IV are correct

(ii) Assuming the relief in (i) is available, advise Sharon on the maximum amount of cash she could receive

on incorporation, without triggering a capital gains tax (CGT) liability. (3 marks)

听力原文：W: What did you think of those suggestions on the proposed income tax？

M: I glanced through them but I haven't formed my opinion yet.

Q: What did the man do？

(19)

A．Submitted his opinion.

B．Read the suggestions in haste.

C．Formed a proposal.

D．Calculated his income tax.