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5 Cards in this Set
- Front
- Back
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What is Principal Private Residence relief (PPR) |
Sale of your home - 100% relief
Reduced if house is used for work i.e 20% work then PPR is only 80% Multipled by Deemed occupation aswell |
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What is Roll-over relief? |
Relief for amount reinvested from a sale of business asset
Base cost of the new asset is the amount paid - roll over relief |
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What is BADR? |
Limited of £1million CGT @ 10% Must own 5%+ for 2 years
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What is the restriction on Gift Relief working: |
When they provide a SOFP with assets.
Gift Relief = Gain x Chargeable business assets / Chargeable assets |
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What is Substantial Shareholding Exemption (SSE) in CGT: |
Sale of trading company holding 10% shares for more than 12 months |
