Skip to content

ACCA Forums

TXCGT calculation - Example 1, Tina

Former userFormer user4y ago

[Content removed at user request]

MmrjonbainModerator4y ago#1
Can you please give details of the page number. Non-wasting chattels are not exempt so that can't be the factor. Was it sold at a loss? Was it both bought and sold for less than £6000?
MmrjonbainModerator4y ago#2
Not sure where you get the idea that antiques are generally exempt. Found the example you wrote about and it is clear a loss is made on item of £5000. I believe certain items such as UK war medals are exempt.Also if bought and sold for under £6000. Hope this helps.
Sign into reply to this topic.