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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?
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
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