CGT tech info Flashcards

1
Q

CGT disposal process

A

1) establish and Deduct base cost (purchase) from sale value (current cost)
2) Add in total value of all reinvestment income
3) Deduct sale and purchase costs =capital gain
4) Deduct same year losses and CGT exemption
5) if still gain, Deduct registered Previous year losses applied
6) any gain Simon will pay 20% on gain as HRT and G on gain BRT 10%

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