Quick tax test: Business tax

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After you've finished all the topics, take the test on Business tax to see if you're a tax expert.

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  • Fact 1

    In 1705, Emperor Peter I of Russia instituted a beard tax. Those who paid the tax were required to carry a 'beard token'. This was a copper or silver token inscribed with 'the tax has been taken' and 'the beard is a superfluous burden'.

Capital gain

Occurs when a CGT asset is sold for more than its purchase price.

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