Exempt Assets (Capital Gains Tax) Flashcards

1
Q

Motor

A

Motor vehicles suitable for private use

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2
Q

National

A

National savings and investment certificates

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3
Q

Foreign

A

Foreign currency for future use

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4
Q

Decorations

A

Decorations awarded for bravery

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5
Q

Damages

A

Damages for personal injury

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6
Q

Life

A

Life insurance policies

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7
Q

Works

A

Works of art given for national use

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8
Q

Gilt

A

Gilt edged securities

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9
Q

Qualifying

A

Qualifying corporate bonds

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10
Q

Chattels

A

Certain chattels

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11
Q

Investments

A

Investments held in an ISA

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12
Q

Demolished

A

Enhancement which is now demolished

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13
Q

Houses

A

Houses

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14
Q

Proceeds and cost

A

Less than £6k

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