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CGT AEA

This topic has 1 reply, 2 voices, and was last updated 1 year ago by Tax Tutor.

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March 12, 2021 at 7:11 am #614222
idrisheik
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- Topics: 1
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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?
March 12, 2021 at 1:28 pm #614286
Tax Tutor
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- Topics: 2
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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.
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