(ii) Advise Andrew of the tax implications arising from the disposal of the 7% Government Stock, clearly
identifying the tax year in which any liability will arise and how it will be paid. (3 marks)
正确答案：(ii) Government stock is an exempt asset for the purposes of capital gains tax, however, as Andrew’s holding has a nominalvalue in excess of ￡5,000, a charge to income tax will arise under the accrued income scheme. This charge to incometax will arise in
