Category: 2015 D04 Tax

Q. With reference to the Local Government Act, 1976 (Amendment), (a) State four (4) types of holdings that can be exempted from rates and support your answer with an example. Read More …

Q. (a) Explain five (5) situations in which the disposal price shall be deemed at Market Value in the imposition of Real Property Gains Tax. (10 marks) (b) Daud bought Read More …

Q. (a) State five (5) differences between ‘quit rent’ and ‘assessment’. (10 marks) (b) Encik Ahmad owns a 5 hectares agricultural land. He plans to develop the land with a Read More …

Q. (a) State any five (5) classes of income that are exempted from Income Tax. (10 marks) (b) With examples give any five (5) types of income which are subjected Read More …

Q. With reference to Town and Country Planning Act, 1976 (As amended), calculate the Development Charge of the following; (a) Ali proposed to develop a housing scheme of 400 residential Read More …

Q. With reference to the Stamp Act 1949 (As amended), calculate the stamp duty payable on the following cases; (a) Kah Mah sold a piece of land with 6,000 square Read More …

Q. (a) With reference to Local Government Act 1976 (As amended), state five (5) basis for objections to the Valuation List. Give example for each. (10 marks) (b) Determine the Read More …