In 2023-24, a taxpayer makes a number of disposals, as listed below. Which of these disposals would

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In 2023-24, 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 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 02, 2024 10:01 AM

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In 2023-24, a taxpayer makes a number of disposals, as listed below. Which of these disposals would

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a The antique table is a chattel disposed of for 6000 or less Therefore the disposal is ...View the full answer

Taxation Finance Act 2023

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