Answered step by step
Verified Expert Solution
Question
1 Approved Answer
We have 51000 pounds from the sales of shares and 40000 pounds annual taxable income. how do we calculate the capital gains tax (CGT) in
We have 51000 pounds from the sales of shares and 40000 pounds annual taxable income. how do we calculate the capital gains tax (CGT) in the UK tax system
10% or 18%
Higher tax rate 20% or 28%
Annual Exempt Amount 12,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started