CGT CHAPTER 12 EXAMPLE 9 (D)
Behind the answer booklet it says that the vintage car is exempt, but the cost and proceeds are both above 6000, so isnt it done in normal calculation rather than be exemt?
or is it assumed to be a private use car????
pls help
Ask the Tutor ACCA TX-UK
CGT CHAPTER 12 PAGE 82 EXAMPLE 9 (D)
It is indeed a car and therefore exempt whatever the value or cost may be.
Hi, tutor, does that mean every car should be exempt when it comes to calcutating the capital gains?
Sign in to reply to this topic.