An individual has capital losses of 2,500 in tax year 2020-21. There are no unrelieved losses brought
Question:
An individual has capital losses of £2,500 in tax year 2020-21. There are no unrelieved losses brought forward from previous years. Compute the individual's taxable gains for 2020-21 if capital gains for the year are as follows:
either
(a) £nil or
(b) £1,500 or
(c) £9,950 or
(d) £16,250.
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a Net losses are 2500 The annual exemption is lost and taxable gains ...View the full answer
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