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I got confused on applying tax rate in qualifying and non qualifying gains. let our taxable income is 28000
qualifying gains is 1105000 and non qualifying is 180300 .
1.if we are in basic band, does we need to apply 10% in full qualifying gains?
2. let our taxable income is 38000. so how to apply rate?what does this mean ,”the disposal of an individual business asset used for the purposes of a continuing trade does not qualify. there must be a disposal of the whole of the trading business or a substantial part”
”there is no requirement to restrict the gain qualifying for relief on shares by reference to any non business assets held by the company” what does this mean??
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