Explain why it would have been beneficial for capital gains

Reference no: EM13576460

• Calculate Sophias's capital gains stock for the tax year 2006/07
o Explain why it would have been beneficial for capital gains stock purposes if Sophia had postponed the transfer of her business until 6 April 2007.
o Explain the capital gains tax implications if Sophia had retained the business until her death, with the assets then passing to Wong under the terms of Sophia's will.

Reference no: EM13576460

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