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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › stuyd hub comp cgt
Jet Ltd realised the following gains and losses on the disposal of assets during the year ended 31 March 2025:
(1) Gain of £86,000 on the sale of an investment property.
(2) Loss of £5,900 on the sale of a motor car used in the business. The motor car cost, and was sold for, more than £6,000.
Select the correct treatment of each of these sales in the corporation tax computation of Jet Ltd for the year ended 31 March 2025. which of these r chargeable, exempt and allowable loss?
Cars are exempt from CGT, land and buildings are not.
