Easiest way to calculate capital gains tax rate?
|
|
|
| Author |
Message |
wolfie
Apprentice
Joined: 24 Oct 2004
Posts: 2
|
 Posted: 08/14/08 - 07:29 Post subject: |
 |
|
| I am due to sell an asset and think that capital gains tax is going to apply to the asset when I do so. While I am aware that this is often a considerable amount, I am not so sure as to the rate that will apply in my case. Can you tell me what the easiest way is to calculate capital gains tax? |
|
|
Back to top
|
|
|
|
 |
jonathan
Apprentice
Joined: 10 Jan 2005
Posts: 4
|
| Posted: 09/13/08 - 01:18 Post subject: |
|
|
| Capital gains tax is generally set at a rate of 18 per cent, although to this I have to add that it does vary depending ion the exact circumstances. Besides that, there is an annual discount of tax that doesn't have to be paid, this lies at around £9,000. So you can make rough calculations on that basis. |
|
|
Back to top
|
|
|
|
|
|
  |
All times are GMT
|
| Page 1 of 1 |
Related topics: | |
|
|
