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

This topic has 1 reply, 2 voices, and was last updated 13 years ago by tick_tock.

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October 25, 2011 at 4:59 pm #50219
sajidhameed
Participant
- Topics: 3
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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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