CGT Tax Liability

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February 25, 2019 at 11:51 am #506473
adityavikram
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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
February 28, 2019 at 3:06 pm #506856
Tax Tutor
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You need to read the relevant notes and watch the lectures as your comments above clearly show that you have not properly studied this issue
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