104
Only on
OpenTuition
you can find: Free ACCA notes
•
Free ACCA lectures
•
Free ACCA tests
•
Free ACCA tutor support
•
The largest ACCA community
June 2023 to March 2024 exams
Watch free ACCA TX lectures
2.
Losses
(a)
Where capital losses arise they are set against capital gains in the same tax year.
(b)
The current year losses set o
ff
is made to the maximum possible extent – it cannot be
restricted to avoid wasting the Annual Exempt Amount (AEA).
(c)
If there are insu
ffi
cient gains to set o
ff
against the capital losses in the year they arise, the
unrelieved capital losses will be carried forward.
(d)
If net gains do arise then the AEA is then deducted from any net chargeable gains of the tax
year - if the AEA is larger than the chargeable gains the remaining AEA is lost. The capital
losses brought forward are then deducted after the AEA and therefore will not waste the AEA.
(e)
Any capital losses brought forward that are unused are carried forward.
Dostları ilə paylaş: