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CII R03 > Chapter Three - Capital Gains Tax > Flashcards

Chapter Three - Capital Gains Tax Flashcards

1
Q

What is the difference between Business Asset and Investors Relief?

A

Business Asset is for £1m qualifying gains and Investors Relief is for £10m

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2
Q

What is the equation for Principle Residence Relief?

A

Period of ownership / Total ownership * the gain

Then gain minus CGT exemption

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CII R03 (8 decks)

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