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Principles of Taxation > Chapter 9 - 1.1 - Scope of Capital Gains Tax > Flashcards

Chapter 9 - 1.1 - Scope of Capital Gains Tax Flashcards

1
Q

What is capital gains tax charged on?

A

Charged on gains arising on chargeable disposals of chargeable assets by chargeable persons

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2
Q

Who are the chargeable persons?

A
  • Individuals
  • Companies pay corporation tax on their gains
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3
Q

Who are the exempt persons?

A

Charities

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Principles of Taxation (165 decks)

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