John dies on 3 March 2022. Between 6 April 2021 and 3 March 2022, he has capital
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John dies on 3 March 2022. Between 6 April 2021 and 3 March 2022, he has capital gains of £1,200 and capital losses of £15,400. His net gains in recent tax years (and the annual exemption for each year) have been as follows:
Explain how (and to what extent) John's net losses in 2021-22 will be relieved.
Transcribed Image Text:
2017-18 2018-19 2019-20 2020-21 Net gains 52,800 18,200 14,800 3,750 Annual exemption 11,300 11,700 12,000 12,300
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