UK Capital Gains Tax In 2017 18, Ahmed has capital gains of 125,000 and allowable losses of 28,000 He also has capital losses brought forward of 4,800 Ahmeds taxable income for 2017 18 (after deduction of the personal allowance) is 18,600 He makes no Gift Aid donations during the year Compute his capital gains tax (CGT) liability for the year assuming his gains of 125,000 comprise either a gain of 115,000 which qualifies for entrepreneurs relief (ER) and a non ER gain of 10,000 on the disposal of chattels, or An ER gain of 10,000 and a non ER gain of 115,000 arising on the disposal of residential property, or An ER gain of 7,500, a non ER gain of 75,000 on the disposal of residential property and a non ER gain of 42,500 on the disposal of shares

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UK Capital Gains Tax In 2017-18, Ahmed has capital gains of 125,000 and allowable losses of 28,000. He also has capital losses brought forward of

UK Capital Gains Tax

In 2017-18, Ahmed has capital gains of 125,000 and allowable losses of 28,000. He also has capital losses brought forward of 4,800.

Ahmeds taxable income for 2017-18 (after deduction of the personal allowance) is 18,600. He makes no Gift Aid donations during the year. Compute his capital gains tax (CGT) liability for the year assuming his gains of 125,000 comprise either:

a gain of 115,000 which qualifies for entrepreneurs relief (ER) and a non-ER gain of 10,000 on the disposal of chattels, or
An ER gain of 10,000 and a non-ER gain of 115,000 arising on the disposal of residential property, or
An ER gain of 7,500, a non-ER gain of 75,000 on the disposal of residential property and a non-ER gain of 42,500 on the disposal of shares.