Que 33 Mable (MOCK EXAM SEP 2016)

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December 2, 2018 at 3:16 pm #486788
alikhakar
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In BPP kit answer, Tenth Ltd prepared accounts of 4 month period ended 31 july 2017 on which date it also ceaaed trading.
In the answer to this que.. Chargeable gain of sale of freehold building is 15800 (180300-164500) is there. but no relief for AEA is been made which should be 3767 (11300* 4/12)
Is it so that NO AEA is provided in the year of cessation ?
December 3, 2018 at 10:47 am #486914
Tax Tutor
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Look at the question more carefully – you are dealing with a company not an individual! Companies do not get AEA!
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