September 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>

CGT CHAPTER 12 PAGE 82 EXAMPLE 9 (D)

This topic has 2 replies, 3 voices, and was last updated 9 years ago by samh.

Viewing 3 posts - 1 through 3 (of 3 total)

Author
Posts
May 24, 2016 at 7:37 pm #316897
Sakina
Member
- Topics: 13
- Replies: 21
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
May 25, 2016 at 10:01 am #316998
Tax Tutor
Member
- Topics: 2
- Replies: 3965
It is indeed a car and therefore exempt whatever the value or cost may be.
May 31, 2016 at 7:08 am #318271
samh
Member
- Topics: 15
- Replies: 42
Hi, tutor, does that mean every car should be exempt when it comes to calcutating the capital gains?
Author
Posts

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.