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Attila

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Active 6 years ago
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  • February 13, 2016 at 3:10 pm #300322
    mysteryAttila
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    Hi

    Could you please help me? I must be missing something. But I really don’t get this line in the working in the above example:

    2 Net gains ignoring annual exempt amount £(17,800 – 6,200) = £11,600

    Where do we get an annual exempt amount of 6200 from? Why isn’t it 10900? (2013/14)

    And can you please confirm that AEA has the priority before any losses brought forward or back from other tax years?

    Many thanks
    Attila

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