CGT

Question 1

Business asset disposal relief

Question 2

What absences are allowed in respect to private residence?

Answer 2

• One year between taking residence and acquisition
• Last 9 months ownership
• where someone is absent as they have been living in job-related accommodation
• Any 4 year period if caused by employment elsewhere in the UK, provided that the individual resided there before and after the absence and no other residence was exempt
• Any 3 year period provided that the individual resided there before and after the absence and no other residence was exempt
• Any period if caused by overseas employment, provided that the individual resided there before and after the absence and no other residence was exempt

Question 3

Are individual held Qualifying Corporate Bonds exmpt frome CGT

Answer 3

YES