Exempt assets
You'll learn to identify exempt assets in capital gains tax questions—a crucial skill for getting marks in your TX paper. This lesson covers the key assets that fall outside capital gains tax, including cash, National Savings certificates, cars, medals for valour, gilts, ISA investments, animals, and wasting chattels.
This lesson is part of a paid course
Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.
Already bought? Sign in
Ask the AI tutor anything about this lesson
It knows every lesson in the course — explanations, clarifications, practice questions.
In this lesson
- 0:00 Exempt assets overview
- 0:21 Common exempt assets explained
- 1:20 Wasting chattels and final exemptions
About this lesson
Understanding which assets are exempt and clearly stating this in your exam answers will help you demonstrate solid knowledge and secure valuable marks.
Duration: 2m
Transcript
Every lesson comes with a full searchable transcript - included with the course.
Get the Taxation course
All 192 video lessons, an AI Tutor in every lesson and lifetime access.
Already bought? Sign in