监理工程师从事监理工作时应严格遵循的职业道德守则是（）

(b) Advise on the capital gains implications should Trent Limited’s old building be sold as proposed. Support your

advice with relevant calculations. (4 marks)

(iii) Explain the potential corporation tax (CT) implications of Tay Limited transferring work to Trent Limited,

and suggest how these can be minimised or eliminated. (3 marks)

(c) State the tax consequences for both Glaikit Limited and Alasdair if he borrows money from the company, as

proposed, on 1 January 2006. (3 marks)

Trent uses the formula: (trade receivables at year end/revenue for the year) x 365 to calculate how long on average (in days) its customers take to pay.Which of the following would NOT affect the correctness of the above calculation of the average number of days a customer takes to pay？

A、Trent experiences considerable seasonal trading

B、Trent makes a number of cash sales through retail outlets

C、Reported revenue does not include a 15% sales tax whereas the receivables do include the tax

D、Trent factors with recourse the receivable of its largest customer

(b) (i) Advise Andrew of the income tax (IT) and capital gains tax (CGT) reliefs available on his investment in

the ordinary share capital of Scalar Limited, together with any conditions which need to be satisfied.

Your answer should clearly identify any steps that should be taken by Andrew and the other investors

to obtain the maximum relief. (13 marks)

A．10

B． 12

C． 24

D． 48

A．1

B． 2

C． 3

D． 4

A．1

B． 8

C． 6

D． 14