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Forums › ACCA Forums › ACCA ATX Advanced Taxation Forums › capital gains
just trying to understand what the examiner is trying to say.
When he says ‘makes capital gains every year to use her AEA’
does that mean when there’s a rise to capital gains in the calculations, will we able to use AEA or is that already used so no AEA?
AIA I think you mean
or AE (Annual Exemption)
If you are talking about AE then the idea is that the individual realises a gain of no more than £10,600 which would of course be tax free OR there is a part disposal which will yield a gain of no more than £10,600 per year