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Chapter 12 Example 1 Capital Loss

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Chapter 12 Example 1 Capital Loss

  • This topic has 1 reply, 1 voice, and was last updated 4 years ago by pelvinn.
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  • October 20, 2020 at 3:52 pm #590818
    pelvinn
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    • Topics: 1
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    • ☆

    Hi Sir,

    I would like to know why the capital loss from the antique vase is counted in the calculation, when in 1.2 the list of chargeable assets states that “Certain Chattels (tangible movable property such as antiques)” are exempt.

    Had this been a gain rather than a loss, would we have still counted it?

    Thanks for your time.

    October 22, 2020 at 8:38 am #591072
    pelvinn
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    Found the answer later in the chapter, please ignore.

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