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Hello,
I’ve noted that lectures on chargeable gains are missing? Is it a self- learning chapter?
Thanks.
No don’t worry the capital gains chapters are not self study and there will be lectures made available online – but that will be when I have some free time to record them – I have a few days free in late April so they will definitely be online by the end of the month – while waiting make sure you study and practice all the other taxes – that should keep you gainfully occupied!!
Hello,
Thank you for your answer.
May I know when will lectures on capital gains tax be available?
Thanks.
If you look at the TX-UK lectures section you will see an explanatory note regarding the use of and access to the FA 2917 lectures which may still be used for the June 2019 exam.
You will also see a note stating that lectures on Chargeable Gains for Companies will not be able to go online until May 11.
Hope this helps and sorry for delayHello Tutor,
I have a question regarding example 1 of capital gains tax – individuals (chapter 12).
In the lecture note, Certain Chattels (tangible moveable property such as antiques) are exempt. however, when solving the example where Tina sold an antique vase, the lose made was allowed for deduction.
Please is it only gains from antiques that are exempt while losses are allowed. or rather, must it be clearly stated in the question that the antique is a moveable one before we treat it as exempt (for both gains and losses) arising from the disposal of such asset.
Thanks a lot.
The note as you rightly mention states “certain” chattels are exempt. This is then explained in section 5 of the notes that only chattels bought and sold for less than £6,000 are exempt and this of course means that the loss on the antique is not exempt nor of course the gain on the painting.
Of course you would not yet have studied section 5 at the time you attempted example 1 so I do understand why you should query this! I will add an extra note in the list of exempt assets to explain which chattels are exempt.
Thank you for bringing this to my attention.
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