Short term capital Gain.

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TAX PRACTITIONER
293 Points Posted on 31 December 2023
My client had a short term capital gain in fy 22-23 Any exemption for capital gain. i have read sec.54 but this exemption is only for long term capital gain plz guide me any exemption if available.
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On 31 December 2023 at 08:42 Report
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Quick Summary
This discussion addresses the possibility of exemptions for short-term capital gains in the UK for the financial year 22-23. While Section 54 provides exemptions, it specifically applies only to long-term capital gains. Currently, there are no direct exemptions for short-term capital gains, though tax rebates may offer some relief.

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Tax consultant
552 Points Posted on 31 December 2023
No exemption for short term capital gains.
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On 31 December 2023 at 09:48
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8 Points Posted on 31 December 2023
Hi only tax rebate can save you.
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On 31 December 2023 at 11:40
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Profession
28271 Points Posted on 01 January 2024
Short term capital gain
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On 01 January 2024 at 23:17

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