Reliefs for capital gains tax Flashcards
1
Q
What is the quarter up rule
A
Lower quoted price + 1/4 (higher - lower quoted price)
2
Q
Private residence relief is…
A
find no. of years resident of house and divide over total ownership. Multiply by gain
3
Q
When doing shares of company with the CBA/CA calculation for gift relief what do you multiply by
A
gain
4
Q
where does the CBA/CA gain go?
A
BADR
5
Q
what does the cba/ca calculation find?
A
gift relief for when disposing of a company under BADR
6
Q
A
