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Investment Property – CGT

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Investment Property – CGT

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Tax Tutor.
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  • Author
    Posts
  • August 22, 2018 at 11:03 am #468842
    chally
    Participant
    • Topics: 9
    • Replies: 69
    • ☆☆

    Good day sir,

    Just a little clarification.

    Doubt: When is an invesment property taxed at 18% – 28%?

    From my understanding is that I assumed when the wording “Residential” is left out the property is taxed at 10% 20% but i found an inconsistency in bpp kit, past papers and kaplan questions were they are taxing at 18%-28%.

    Please clear the doubt sir.
    Thank you

    August 23, 2018 at 4:08 pm #469107
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Residential property is taxed at the higher rates – the term investment property merely differentiates it from the taxpayers’ PPR and may be either residential taxed at the higher rates or commercial taxed at the normal rates

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