Chargeable Gains
jilbo
Registered Posts: 197 Dedicated contributor 🦉
I've just started studying BTC and was wondering if anyone could help with the following.
When calculating chargeable gains, do you take into account capital allowances already claimed? Or is it just a red herring? :confused1:
I would be grateful for any feedback.
When calculating chargeable gains, do you take into account capital allowances already claimed? Or is it just a red herring? :confused1:
I would be grateful for any feedback.
0
Comments
-
When a trade asset is sold on which cap. all. have been claimed there will be either a balancing charge or allowance. This takes care of the c.a. bit. Any gain is calculated on the sales proceeds less original cost, taking into account indexation and taper relief.0
-
Many thanks Bryan, it's great when things come together, especially after having a dumb moment!: blushing:0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 338 NEW! Qualifications 2022
- 168 General Qualifications 2022 discussion
- 12 AAT Level 2 Certificate in Accounting
- 58 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 93 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 204 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 585 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership