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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Annual Exemption
Hello,
If in the same year you have chargeable gains of £8,000 that qualifies for ER(10%), £8,000 that will be charged at 20% and £8,000 to be charged at 28%……
Are you able set the £11,100 allowance against the 28% gain in full, then the remainder against the 20% gain?
Thanks
Michael
See OT course notes chapter 12 section 1.7 note (e) page 76
