Hello,
I'm sorry I'm coming up with more questions as I'm going through the tax course.
In Chapter 12 MCQ 1, the correct answer was A because it is exempt since it's a wasting chattel.
I wanted to know about option B. I mean how do we categorize it. Do we categorize it as a non-wasting chattel. Or is it not categorized under Chattels itself?
Thank you once again.
Ask the Tutor ACCA TX-UK
Chapter 12 Chattels
2mo ago#1A chattel is an asset that you can physically touch and physically move.
Shares are not chattels.
Thank you so much for the reply once again. My doubt has been cleared.
2mo ago#3You're welcome.
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