Exempt Assets (Capital Gains Tax) Flashcards
1
Q
Motor
A
Motor vehicles suitable for private use
2
Q
National
A
National savings and investment certificates
3
Q
Foreign
A
Foreign currency for future use
4
Q
Decorations
A
Decorations awarded for bravery
5
Q
Damages
A
Damages for personal injury
6
Q
Life
A
Life insurance policies
7
Q
Works
A
Works of art given for national use
8
Q
Gilt
A
Gilt edged securities
9
Q
Qualifying
A
Qualifying corporate bonds
10
Q
Chattels
A
Certain chattels
11
Q
Investments
A
Investments held in an ISA
12
Q
Demolished
A
Enhancement which is now demolished
13
Q
Houses
A
Houses
14
Q
Proceeds and cost
A
Less than £6k