John dies on 3 March 2024. Between 6 April 2023 and 3 March 2024, he has capital

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John dies on 3 March 2024. Between 6 April 2023 and 3 March 2024, he has capital gains of £1,200 and capital losses of £15,400. His net gains in recent tax years (and the annual exemption for each year) have been as follows:

Explain how (and to what extent) John's net losses in 2023-24 will be relieved.

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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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John dies on 3 March 2024. Between 6 April 2023 and 3 March 2024, he has capital

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Net losses in 202324 are 14200 The annual exemption is lost and taxable gains for the ye...View the full answer

Taxation Finance Act 2023

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