Chapter 12 Example 1 Capital Loss

This topic has 1 reply, 1 voice, and was last updated 5 years ago by pelvinn.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
October 20, 2020 at 3:52 pm #590818
pelvinn
Member
- Topics: 1
- Replies: 1
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.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.