Sarah dies on 16 December 2020. She had made net capital losses of 7,300 between 6 April
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Sarah dies on 16 December 2020. She had made net capital losses of £7,300 between 6 April 2020 and the date of her death. Her net gains in the previous three years (and the annual exemption for each of those years) were as follows:
Calculate her taxable gains for 2017-18 to 2020-21 inclusive.
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Since losses in the year of death are carried back to the most recent year first it is easier to beg...View the full answer
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