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Gift Relief

Forums › ACCA Forums › ACCA TX Taxation Forums › Gift Relief

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by Anonymous.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • May 14, 2016 at 11:22 pm #315107
    Noureen
    Participant
    • Topics: 14
    • Replies: 16
    • ☆

    Hi tutor,

    My question is regarding the gift relief please could you kindly explain

    for eg if Mr A who is a sole trader transfered the business to his daughter abd he has a freehold office with the mkt value of 130,000 . office was purchased for 110,000 ans has always been used by mr A now the daughter paid Mr A 105000 for office building how this will be treated in Gift relief calculation

    also he made a gift of car Mkt value 250000 and it was purchased for 23500 and has always been in use and daughter paid 20000 for the motor car?

    Mr A sold is entire holding of 12000 ordinary shares a!% holding in B plc for 16000 on 1st of june 2013 he had purchased 10000 shares in jan 2002 for 8000. in dec 2004 there was a bonus for 1:5

    he has unused capital losses of 6100 b/F in 2009/10 he disposed another trade on which he made chargeable gain of 11500000 and he claimed max Entrepreneur’s reliefavailable in 09/10

    Cal his CGT liability for 2014/15

    May 15, 2016 at 2:14 pm #315161
    Anonymous
    Inactive
    • Topics: 29
    • Replies: 429
    • ☆☆☆

    This forum is for students to help each other.
    If you want the tax tutor to help you, you must ask in the ‘ask the tutor forum.’

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