View more on these topics

The Technical Quiz: 7 November

To help you to keep up with the fundamentals of tax, retirement and financial planning, try answering these questions.

The following questions all relate to business taxes


Brick Ltd sold an investment property. What tax would be payable on any gain?

A) Income tax

B) Corporation tax

C) Capital Gains tax

D) Value Added Tax


Morris Ltd makes a £11,000 chargeable event gain on encashment of an offshore bond – how is this treated?

A) Under the capital gains tax rules

B) Under the chargeable event gain rules

C) Under the loan relationship rules

D) Under the investment income rules



A company cannot have a period of account which is longer than:

A) 6 months

B) 12 months

C) 18 months

D) 22 months


Which of the following would usually be deductible in arriving at a company’s profit figure?

A) Bank interest

B) Debenture income

C) Property income

D) Gift aid donations


Stuart is a director of Fringe Ltd. The company pays a nominal pension contribution on behalf of Stuart. How is this treated?

A) Corporation tax would be payable on the whole amount

B) The whole amount would normally be deductible for corporation tax purposes

C) The whole amount would not be deductible for corporation tax and will be subject to National Insurance Contributions

D) The amount would only be subject to National Insurance Contributions



1 B
2 C
3 C
4 D
5 B


Pensions and retirement planning

Pensions in an independent Scotland Ian Naismith The Scottish Government has published its plans for pensions if Scotland becomes independent following the 2014 referendum. Existing state pensions would continue, with guaranteed ‘triple lock’ increases throughout the first term of a Scottish Parliament. This means yearly increases of the highest of price inflation, earnings inflation and […]


Aviva reports 17% drop in UK life and pensions sales

Aviva has reported a 17 per cent drop in UK life and pensions sales, from £8bn in the third quarter of 2012 to £6.7bn in Q3 this year, as annuities sales plummeted by a third. The insurer’s Q3 interim management statement, published today, reveals pensions, annuities, bonds, protection and equity release sales have all fallen […]


FCA in talks with 21 new banks

The FCA says it is in talks with a total of 21 firms ahead of them applying for authorisation to become banks. Speaking at a regional banking conference in London today, FCA banking authorities manager Nicola Wildman says the regulator has undergone a “sea change” in its new bank authorisation process. Wildman, who is charge of all […]


Henderson sees inflows return to equity funds

Henderson Global Investors has seen net inflows into its equity funds for the first time since the start of 2011, helping to drive the group’s assets under management past the £70bn mark. Henderson’s interim management statement for the three months ending 30 September shows the asset management house captured £1.2bn of net inflows over the quarter, […]

Why your clients need some tough love

In any relationship that matters, professional or personal, you should be upfront with someone if you think they’re making a decision or doing something they might later regret. Being honest with someone and having their best interests at heart, however hard the message, is key to building trust in any relationship. So how does this […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm