Hi Everyone, I have an slight issue about the CGT AEA
Suppose that an individual make 2 disposal of asset in the same tax year. For example: Asset B was disposed on (06.07.2020) with a chargeable gain $47000 and Asset C was disposed on (25.12.2020) with a chargeable gain of $25000.
My question is how will AEA be used in this context?
Have you read the study notes and worked the examples as the application of the AEA in computing the taxable gains of the taxpayer for a tax year is clearly shown and this should answer your question.