Question：Acorn Ltd prepares accounts to 31 March.

　　In the year to 31 March 2013, the company made the following disposals:

　　Vintage car, used occasionally in promotional events

　　Mercedes, used by the managing director, with an agreed private use of 20%

　　Which of the above are chargeable assets?

　　A. Both.

　　B. Vintage car only.

　　C. Neither.

　　D. Mercedes only.

　　The correct answer is: C, all cars are exempt from capital gains tax.