An individual has capital losses of 2,500 in tax year 2017-18. There are no unrelieved losses brought
Question:
An individual has capital losses of £2,500 in tax year 2017-18. There are no unrelieved losses brought forward from previous years. Compute the individual's taxable gains for 2017-18 if capital gains for the year are as follows:
either
(a) £nil or
(b) £1,500 or
(c) £8,950 or
(d) £15,250.
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In the UK your Capital Gains Tax is determined by your overall taxable income which includes your Ca...View the full answer
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