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CGT, Ch 12, Example 10

This topic has 1 reply, 2 voices, and was last updated 7 years ago by Tax Tutor.

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January 19, 2017 at 8:04 am #368274
hmohamed
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Hello Sir, in example 10 in chapter 12 (CGT individuals) what if we were asked to calculate the CGT? Do we deduct the AEA before computing the taxable gain or we just compute it from the chargeable gain (22,600)directly?
January 19, 2017 at 10:05 am #368292
Tax Tutor
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The AEA is deducted in deriving the TAXABLE gain
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