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How do we calculate cgt liability?
All gains below 34500 are taxed at 10 % and gains above 34500 are taxed at 20% or only the difference that is in excess is taxed at 20%?Example if gain is 45000, then cgt liability would be 45000 multiplied by 20% or 34500 multiplied by 10 % and the difference that is 10500 multiplied by 20%
Please do answer me
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