Gollum gifted a ring to his civil partner Frodo (Chpt 11 CGT Individuals Part 2)

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May 29, 2024 at 5:59 pm #706224
Nurbol1
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In the youtube video lecture Chapter 11 CGT Individual (part 2) Example 7 lecturer says that there is no gain on sale of the ring. But in TX Notes it says that Capital Gain = 8000
I think that lecturer is probably accurate.
But however Notes are misleading at this point.
June 1, 2024 at 2:19 pm #706388
JillyB
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The transfer between partners is no gain/no loss but then Fredo sells – this means there is CGT – the notes are correct. Read the question carefully
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