An employee stock option was granted to Dr Smart by his employer on 1st January 2016. This entitled Dr Smart to purchase up to 100,000 shares within...

1c(i)

Illustrate the critical aspects of Wealth Guarding through Tax and Insurance Planning by calculating the amount of Share Option benefit assessable on Dr Smart.

(6 marks)

1c(ii)

Illustrate the critical aspects of Wealth Guarding through Tax and Insurance Planning by calculating Dr Smart's tax liabilities for his royalty income.