Calculate the amount of CGT payable for 2020-21 by each of the following individuals. In each case,
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Calculate the amount of CGT payable for 2020-21 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
Assume in each case that there are no Gift Aid donations or pension contributions.
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Name (a) A (b) B (c) (d) D (e) E (f) F (g) G 6 Taxable income 71,000 71,000 47,500 52,700 34,790 35,700 27,100 BADR gains nil 13,500 32,800 27,600 nil nil 4,000 Residential prop. gains nil nil 16,700 nil 12,700 nil 18,000 Other gains 13,500 nil nil 5,900 nil 21,300 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 1350...View the full answer
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