Hi in calculatn eis relief 20% relief is given but i thnk its 30% ?
And what is the diffrn betw chargeabl gain and capital gain thx?
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ATXCapstan ques cgt
Chargeable gain is the amount of gain i.e proceeds over cost.
Capital gains tax is the tax you pay on this gain (after first using Annual exemption £11,000, capital loss etc). 18%, 28% or 10% if Entrepreneurs Relief is available.
Yeah EIS is 30% of the investment. Up to a maximum 30% of £1,000,000, which is £300,000
Hi
while calculating gain on the loan stock ,the answer shows (Mv-Cost).Shouldn't it be (Sale proceed-Cost).
Can anyone help me with this.
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