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CTA - Taxation of Individuals > 42. INTRODUCTION TO CAPITAL GAINS TAX > Flashcards

42. INTRODUCTION TO CAPITAL GAINS TAX Flashcards

1
Q

what is general rule for UK residents re CGT

A

CGT payable on UK and foreign assets

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2
Q

what is rule for non UK residents

A

CGT payable on sale of UK land

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3
Q

what is a wasting chattel

A

life of < 50 y

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4
Q

what is limit for chattels

A

proceeds <6k no CGT

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CTA - Taxation of Individuals (56 decks)

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