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R03 Personal taxation: Gap Analysis & Assessment Tool

Kevin disposes of a property that has been his main residence for only 10 out of the 20 years he has owned it. In this instance what proportion of any gain that he makes will be exempt?
The proportion that will be exempt will be calculated as the total gain divided by the period of ownership, multiplied by the total period of ownership
All of it
The proportion that will be exempt will be calculated as the total gain multiplied by the period of occupation, divided by the total period of ownership
None of it
Question 1 of 5
Question Worth : 1 mark
Current Score : 0 [Total available for assessment: 5]
Question Ref. #WL125744.

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