1
Q
Non wasting assets calc
A
2
Q
Holdover relief
A
The acquisition cost to the donee is reduced by the amount of the heldover gain which in turn increases the amount of the future gain and disposal proceeds
No CGt payable at the time the gain is held over
Available on some business and trading assets
Donor and donee claim jointly
3
Q
Splitting a set up
A
4
Q
Disposal between spouses
A
5
Q
CGT disposal on death
A
6
Q
Exempt assets
A
7
Q
PPR
A
The relief is the lower of £40,000; the amount of PPR relief received; or the gain made on the let part of the property
8
Q
Losses
A
Claimed within 4 yrs of rhe end of the tax gear they were made
One spouse loss cant be set against the other
Af1
flashcards
Decks in class (9)
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