It is about Hong Kong Tax, Special Business, Financial Institution, profit tax calculation. Explain the concepts relationship of S,14, S.15(i), D7/84, "passive receipts" and “carrying on the business of lending money" and provide with simple example.

It is about Hong Kong Tax, Special Business, Financial Institution, profit tax calculation. Explain the concepts relationship of S,14, S.15(i), D7/84, "passive receipts" and “carrying on the business of lending money" and provide with simple example.

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3 00 Which of the following is/are fully exempt from Capital Gains Tax? Select one: O a. A family home which was owned for 15 years by the taxpayer and has been rented out for the last 7 years as the taxpayer relocated to the UK for work purposes. The owner, upon returning to Australia, has lived in the property for 2 months prior to selling the house (to fund the purchase of a new family home). There have been no other claims of main residence by the taxpayer. O b. A motor vehicle purchased by the taxpayer, held for 24 months then disposed of for a value above the cost base. c. O d. O e. A lottery win by a Uber driver. Two of the specific events are fully exempted from CGT. All of the specific events are fully exempted from CGT.
Which one of the following functions that goldsmiths performed was most important in the development of modern-day fractional reserve banking? Goldsmiths stored gold for people in their vaults. Goldsmiths issued paper receipts to people who stored gold in the goldsmiths’ vaults. By issuing additional paper receipts, goldsmiths made loans to people who did not necessarily have gold deposits. The paper receipts issued by the goldsmiths were accepted by merchants as a means of payment.
Part A and B
Jerry spends his days originating loans in the primary mortgage market. He originates them, but the financing comes from a lender that Jerry partners with. This is because Jerry doesn't have funds of his own to lend. What job does Jerry most likely have? private lender mortgage banker credit union associate mortgage broker
True or false 1. Interest Rate Parity allows a company to lock in profits by borrowing in the low interest rate currency and investing in the high interest rate currency? 2. When calculating Days Sales Oustanding, it is important to include all credit and cash sales in the equation.
record the following transactions in the tho column cash book of Nnamdi super stores for the month of april,2023 # april 1 started business with cash in hand 5000 cash at bank 15000 april 3 sold good for cash 2500 april 5 bought goods by cheque 1500 april 8 bought office furniture by cash 3000 april 9 withdrew cash from bank 1000 april 12 paid eletricity bill by cash 3000 april 14 sold good for cheque 2000 april 28 paid rent by cheque 500
Manufacturing businesses at some point will need to invest in capital equipment, in the form of machinery, vehicles, buildings and other equipment. Capital equipment investment is decision premised up complex financial and operational requirements, but it is a decision no business can avoid permanently. Mosetsana Pads has currently outsourced the manufacturing and distribution of their products, but they are considering bringing both aspects back in-house, since the business is growing and has garnered enough market share to warrant that level of expenditure and expansion.
Need help with parts a and b. Please give explanations for answer, thank you!
What is the definition of gross income from farming for purposes of determining eligibility to use the estimated tax rule applicable to farmers and fishermen? (A) Gross farming income from Schedule F, Form 4835, and Schedule E, and ordinary gains from farming assets on Form 4797, Part II. (B) Gross income from Schedule F and Form 4835, and gains from the sale of livestock used for draft, breeding, or dairy purposes. (C) Gross income from Schedule F and Form 4835, and gains from the sale of livestock and other assets used in the production of farm income. (D) Gross farming income from Schedule F, Form 4835, and Schedule E, Parts II and III, and gains from the sale of livestock used for draft, breeding, sporting, or dairy purposes reported on Form 4797.
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Find the last date the cash amount is available and the date on which the net amount is due. Invoice date= April 14 Terms 2/10 , n/30 Date goods received= April 16