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stuyd hub comp cgt

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › stuyd hub comp cgt

  • This topic has 1 reply, 2 voices, and was last updated 1 month ago by AmandaP.
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  • December 31, 2025 at 4:14 pm #724131
    Haarip
    Participant
    • Topics: 29
    • Replies: 38
    • ☆☆

    Jet Ltd realised the following gains and losses on the disposal of assets during the year ended 31 March 2025:

    (1) Gain of £86,000 on the sale of an investment property.

    (2) Loss of £5,900 on the sale of a motor car used in the business. The motor car cost, and was sold for, more than £6,000.

    Select the correct treatment of each of these sales in the corporation tax computation of Jet Ltd for the year ended 31 March 2025. which of these r chargeable, exempt and allowable loss?

    January 1, 2026 at 12:40 pm #724133
    AmandaP
    Moderator
    • Topics: 1
    • Replies: 119
    • ☆☆

    Cars are exempt from CGT, land and buildings are not.

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