I couldn’t get my head round this and was struggling to remember it all but you made it so easy, thank you 🙂 I’m due to sit my AAT personal tax exam soon. Wish you had more tutorials 😢
How to solve this: On 30 June 2023 Sam assigned the lease of a building that had been acquired as an investment for £35,750; the lease expires on 30 June 2039. He had acquired the lease for £12,000 on 1 January 2015 and the building has never been used as her principal private residence. The relevant percentages from the lease percentage table are as follows: 16 years 64.116 24 years 79.622 25 years 81.100 Required: Calculate Sam's gain or loss on the assignment.
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A fantastic explanation! Thank you :)
I couldn’t get my head round this and was struggling to remember it all but you made it so easy, thank you 🙂 I’m due to sit my AAT personal tax exam soon. Wish you had more tutorials 😢
Excellent explanation thank you!
Glad it was helpful!
Very helpful, thank you
Glad it was helpful!
Sir copyrights sold at £5100 having unexpired life of 10 years
Will it be treated as non wasting chattels?
How to solve this: On 30 June 2023 Sam assigned the lease of a building that had been acquired as an investment for £35,750; the lease expires on 30 June 2039. He had acquired the lease for £12,000 on 1 January 2015 and the building has never been used as her principal private
residence. The relevant percentages from the lease percentage table are as follows:
16 years 64.116
24 years 79.622
25 years 81.100
Required:
Calculate Sam's gain or loss on the assignment.
Good work
Is a modern wristwatch exempt from CGT?
Correct.
@@aswataxstudy88 Thanks!