Asset Realisation – NBC Institute

PT – Nov2019 – L2 – Q5b – Taxation of Capital Gains

This question asks to explain the taxation rules on asset realisation upon the death of the asset owner.

Question

An individual may realise an asset on the death of another person, by way of transfer of ownership of the asset.

Required:
What are the taxation rules on such transactions?
(5 marks)

Answer

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Tags: Asset Realisation, Capital Gains, Death of Asset Owner, Tax Rules
Level: Level 2

Topic: Taxation of Capital Gains
Series: NOV 2019

AT – May 2021 – L3 – Q2a – Mergers, Amalgamation and Reorganisation

Write a memo on the tax exposure after a merger involving three companies and asset revaluation gains.

Question

There has been a merger among three companies: Ann Ltd, Bab Ltd, and Cee Ltd. The merger was geared towards creating a monopoly in the market. After careful revaluation of the assets and liabilities of the companies, the following is the outlook:

Ann Ltd: GH¢4,200,000
Bab Ltd: GH¢5,000,000
Cee Ltd: GH¢5,200,000

The following is the outlook of the new company after the merger:

Profit: GH¢5,000,000

Required:
As an intern of IKERN and Associates, write a memo to your partner on the company’s tax exposure after the merger.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Asset Realisation, Corporate Tax, Mergers, Revaluation
Level: Level 3

Topic: Mergers, amalgamation, and reorganization
Series: MAY 2021

PT – Nov2019 – L2 – Q5b – Taxation of Capital Gains

This question asks to explain the taxation rules on asset realisation upon the death of the asset owner.

Question

An individual may realise an asset on the death of another person, by way of transfer of ownership of the asset.

Required:
What are the taxation rules on such transactions?
(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Asset Realisation, Capital Gains, Death of Asset Owner, Tax Rules
Level: Level 2

Topic: Taxation of Capital Gains
Series: NOV 2019

AT – May 2021 – L3 – Q2a – Mergers, Amalgamation and Reorganisation

Write a memo on the tax exposure after a merger involving three companies and asset revaluation gains.

Question

Ann Ltd: GH¢4,200,000
Bab Ltd: GH¢5,000,000
Cee Ltd: GH¢5,200,000

The following is the outlook of the new company after the merger:

Profit: GH¢5,000,000

Required:
As an intern of IKERN and Associates, write a memo to your partner on the company’s tax exposure after the merger.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Asset Realisation, Corporate Tax, Mergers, Revaluation
Level: Level 3

Topic: Mergers, amalgamation, and reorganization
Series: MAY 2021

Question Tag: Asset Realisation

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PT – Nov2019 – L2 – Q5b – Taxation of Capital Gains

This question asks to explain the taxation rules on asset realisation upon the death of the asset owner.

AT – May 2021 – L3 – Q2a – Mergers, Amalgamation and Reorganisation

Write a memo on the tax exposure after a merger involving three companies and asset revaluation gains.

PT – Nov2019 – L2 – Q5b – Taxation of Capital Gains

This question asks to explain the taxation rules on asset realisation upon the death of the asset owner.

AT – May 2021 – L3 – Q2a – Mergers, Amalgamation and Reorganisation

Write a memo on the tax exposure after a merger involving three companies and asset revaluation gains.

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PT – Nov2019 – L2 – Q5b – Taxation of Capital Gains

This question asks to explain the taxation rules on asset realisation upon the death of the asset owner.

You're reporting an error for "PT – Nov2019 – L2 – Q5b – Taxation of Capital Gains"

AT – May 2021 – L3 – Q2a – Mergers, Amalgamation and Reorganisation

Write a memo on the tax exposure after a merger involving three companies and asset revaluation gains.

You're reporting an error for "AT – May 2021 – L3 – Q2a – Mergers, Amalgamation and Reorganisation"

PT – Nov2019 – L2 – Q5b – Taxation of Capital Gains

This question asks to explain the taxation rules on asset realisation upon the death of the asset owner.

You're reporting an error for "PT – Nov2019 – L2 – Q5b – Taxation of Capital Gains"

AT – May 2021 – L3 – Q2a – Mergers, Amalgamation and Reorganisation

Write a memo on the tax exposure after a merger involving three companies and asset revaluation gains.

You're reporting an error for "AT – May 2021 – L3 – Q2a – Mergers, Amalgamation and Reorganisation"

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