Chapter Three - Capital Gains Tax Flashcards Preview

CII R03 > Chapter Three - Capital Gains Tax > Flashcards

Flashcards in Chapter Three - Capital Gains Tax Deck (2)
Loading flashcards...
1

What is the difference between Business Asset and Investors Relief?

Business Asset is for £1m qualifying gains and Investors Relief is for £10m

2

What is the equation for Principle Residence Relief?

Period of ownership / Total ownership * the gain
Then gain minus CGT exemption