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idrisheik
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Hi Everyone,
I have an slight issue about the CGT AEASuppose 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?
Tax Tutor
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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.
idrisheik
Tax Tutor
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