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Annual Exemption

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Annual Exemption

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by AvatarTax Tutor.
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  • Author
    Posts
  • September 5, 2017 at 11:19 am #405607
    Avatarmichael
    Participant
    • Topics: 23
    • Replies: 39
    • ☆☆

    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

    September 5, 2017 at 11:46 am #405614
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3960
    • ☆☆☆☆☆

    See OT course notes chapter 12 section 1.7 note (e) page 76

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