OpenTuition | ACCA | CIMA
Free ACCA and CIMA on line courses | Free ACCA, CIMA, FIA Notes, Lectures, Tests and Forums
Spread the word
Please spread the word so more students can benefit from our study materials.
If you have found OpenTuition useful, please donate
July 30, 2020 at 9:27 am
I was glad to learn why motor cars are an exempt disposal. But i was wondering why vintage cars are exempt disposals? ‘Cause their value would obviously increase over time and hence give rise to chargeable gains. So why would would HMRC want to lose out on such a revenue generating offer?
August 20, 2020 at 10:24 am
They are not exempt but charged as a chattel instead.
You must be logged in to post a comment.