In 2017 -18, a taxpayer makes a number of disposals, as listed below. Which of these disposals

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In 2017 -18, a taxpayer makes a number of disposals, as listed below. Which of these disposals would be exempt from CGT?

(a) An antique table sold for £5,000.

(b) A watercolour painting sold at auction. The auctioneer deducted his 10% commission from the selling price and sent the taxpayer a cheque for the remaining £5,670.

(c) A holding of shares sold for £4,500.

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Taxation Finance Act 2017

ISBN: 9781292200804

23rd Edition

Authors: Alan Melville

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Question Posted: Feb 07, 2024 08:40 AM

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In 2017 -18, a taxpayer makes a number of disposals, as listed below. Which of these disposals

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In the UK tax system Capital Gains Tax CGT is a tax on the profit when you sell a noninventory asset ...View the full answer

Taxation Finance Act 2017

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