Calculate the amount of CGT payable for 2017-18 by each of the following individuals. In each case,
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Calculate the amount of CGT payable for 2017-18 by each of the following individuals. In each case, "taxable income" comprises the individual's total income, less reliefs which may be deducted from total income and less the personal allowance.
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Residential prop. gains (a) A nil (b) B nil (c) C 15,700 (d) D nil (e) E 11,700 (f) F nil nil (g) G 4,000 17,000 Assume in each case that there are no Gift Aid donations or pension contributions. Name Taxable income 71,000 71,000 47,500 52,700 30,790 31,700 23,100 ER gains nil 12,500 32,800 27,600 nil Other gains 12,500 nil nil 4,900 nil 20,300 8,500 Allowable losses nil nil nil 1,000 nil 400 2,200
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a Taxable income exceeds the basic rate limit so the other gains are taxed at 20 CGT payable is 1250...View the full answer
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I HAVE ELECTRONICS ENGINEERING DEGREE..AND MY AREA OF INTEREST IS MATHEMATICS,CONTROL SYSTEM,NETWORK,DIGITAL
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