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Gollum gifted a ring to his civil partner Frodo (Chpt 11 CGT Individuals Part 2)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Gollum gifted a ring to his civil partner Frodo (Chpt 11 CGT Individuals Part 2)

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by JillyB.
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  • May 29, 2024 at 5:59 pm #706224
    Nurbol1
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    In the youtube video lecture Chapter 11 CGT Individual (part 2) Example 7 lecturer says that there is no gain on sale of the ring. But in TX Notes it says that Capital Gain = 8000

    I think that lecturer is probably accurate.
    But however Notes are misleading at this point.

    June 1, 2024 at 2:19 pm #706388
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    The transfer between partners is no gain/no loss but then Fredo sells – this means there is CGT – the notes are correct. Read the question carefully

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