A bit late

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Could anyone tell me how they calculated the number of days exempt for capital gains tax - section 2 task 2.1 - Personal tax June 2004.<BR><BR>Thank you

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    A bit late

    Hi<BR>The period 31/1/88 - 31/1/90 is 2 years deemed occupation because he was working abroad and lived in the house before and afterwards.<BR>Period 1/4/94 - 1/4/03 is 3 years deemed occupation for any reason and 2 years 4 mths deemed occupation because its part of the last 3 years of ownership. That period is also 3 years 8 months absent.<BR>Period 1/4/03 - 30/11/03 is 8 months lived in.<BR>You end up with 7 years 2 months lived in<BR>7 years 4 months deemed occupation and<BR>3 years 8 months absent.<BR>Not sure I have explained it very clearly but I hope it helps you.<BR>Good luck for Friday, I will be there too!!!

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