Running a business: tax obligations
Type: Theory Start taskRead more
Questions: 7
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
Task C3.1 Hiring employees
Type: Mixed Start taskRead more
Questions: 1
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 17

    The opportunity to pay income tax in instalments, rather than once per year, was introduced in 1941.

Capital loss

Occurs when a capital gains tax asset is sold or disposed of for less than its purchase price.

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