Annual exempt amount Flashcards by Verity Russell | Brainscape

Q

Who is entitled to the AEA?

A

Individuals, not companies

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Q

When is a chargeable gain stated in the proforma?

A

Before the AEA has been deducted

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Q

When is a taxable gain stated in the proforma?

A

After the AEA has been deducted

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Q

How much is the AEA?

A

£6000

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Q

How do you get to taxable gains?

A

Chargeable gains - AEA

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