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CGT Payable on or after 23-06-10 ( CGT Payable at 18% & 28% )

Forums › ACCA Forums › ACCA TX Taxation Forums › CGT Payable on or after 23-06-10 ( CGT Payable at 18% & 28% )

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  • October 25, 2011 at 4:59 pm #50219
    sajidhameed
    Participant
    • Topics: 3
    • Replies: 7
    • ☆

    Dear Sir,

    If Taxable Income+Taxable Gains is more than basic rate limit. How we can calculate CGT?.

    Please answer ASAP.

    Regards,

    Sajid

    October 27, 2011 at 1:07 pm #89080
    tick_tock
    Member
    • Topics: 3
    • Replies: 16
    • ☆

    Unless your basic rate band is extended by personal pension contributions or gift aid donations, taxable gains will be taxed at 28% over and above the basic rate limit.

    If the gains qualify for entrepreneurs’ relief, they will be taxed at 10%.

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