CGT-Individuals

This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.

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May 31, 2017 at 3:59 pm #389258
aamir2111
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Dear tutor,
In the example no 1 of the lecture notes on the above subject (pg. 77), why do we calculate the CGT on painting and antique vase, aren’t they supposed to be as chattels and hence must be exempted assets?
June 2, 2017 at 4:31 am #389605
Tax Tutor
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I really think you need to listen to the lectures in conjunction with the notes – at that point in notes the detail of the chattels exemption has not been introduced – p.82 – and the chattels exemption only applies to those that cost and are valued at no more than £6,000
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