Forums › ACCA Forums › ACCA TX Taxation Forums › Mick Stone (adapted) – question
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- November 9, 2022 at 7:34 am #671105
Hello,
I am solving the Mick Stone (adapted) exercise for ACCA TX-UK. No.185 in the Kaplan exam kit.
In the second part of the question, it is required to state which capital gains tax reliefs MIGHT be available for the disposals made, and to state the missing info required for those reliefs to be applicable.The answer has mentioned BADR and Roll-over relief, which is totally understandable, and all the points are allocated to the explanations of the two reliefs.
My question is: isn’t gift relief also a possible relief if the individual disposes of the assets at lower than their MV as a gift, (applicable for both, the business asset, and the unquoted shares)? And to the answer we can add, the MV @disposal and terms of sale are missing items.
Please let me know, as this is confusing in terms of the applicability of reliefs and their criteria.
Thank you!
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