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Cgt on properties

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Cgt on properties

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • February 12, 2021 at 1:18 am #610094
    Burningdesire
    Member
    • Topics: 14
    • Replies: 14
    • ☆

    Hi Sir

    Just doing past paper questions and they applied 28% rate on a holiday villa which was never their main home. Is 28% applied on all properties even if they didn’t live in it? Getting confused I did go through your content but might be forgetting things

    February 14, 2021 at 4:07 pm #610399
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The residential property tax rates of 18% / 28% are stated in Section 1.7 of Chapter 12 and discussed in the lecture and are applicable to ALL residential properties as is shown in example 5

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