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hello sir..for asset qualifying as entrepreneurs relief … why we should not deduct annual exemption amount?
We do deduct AEA before charging tax at the 10% entrepreneurs relief rate, but if there are other gains chargeable at the higher rates of 20% or 18% / 28% then we will firstly deduct AEA from those gains taxed at the highest rate – see OT course notes p.90 chapter 14 section 1.4
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