Referring to the notes
Chapter 14, topic 3, example 9
Can you please explain the working 1
As how we would come to know that £800,000 given in the question includes investment, premise & goodwill)
Ask the Tutor ACCA TX-UK
relief for the gift of business asset
£800,000 is the market value of the shares as stated in the example - this represents the NET asset value of the company. You are then provided with a list of market values of the GROSS assets of the company to be able to compute the amount of gain eligible for gift relief using the
CBA / CA fraction
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