PTC - Capital Gains Tax

confoosed Registered Posts: 38 💫 🐯 💫
Can anyone tell me why, on the old paper from June 2008, the antique painting's deemed proceeds are £6000 in the answer, whereas in the question she sold it for £4,000. :huh:


    BEE BEE Registered Posts: 4 New contributor 🐸
    I WAS WONDERED THE SAME THING. If you look at chattels. If there is a loss on chattels and the chattel has been sold for under £6000 the gross proceeds are assumed to be £6000 to restrict loss.

    I hope this helps.
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