Do you keep the 2.4 Million Allowance for the tax year?

[shyguy1813]

Do you keep the 2.4 Million allowance for the tax year if you sell something?

Thanks in advance.

 

[phillev]

@shyguy1813 If you buy 2.4 million worth of something and then sell it, your allotment doesn’t come back until the next year.

 

[shyguy1813]

@phillev Thanks for the information.