Sharesight's Capital Gains Report calculates capital gains and losses made on shares as distinct from gains made from income.
CGT INTRODUCTIONTOCAPITALGAINSTAX INTRODUCTIONTOCAPITALGAINSTAX ••••TaxappliestogainsoncapitalassetsonlyNottradingprofitsDependsontheparticularcircumstancesForexample:ifyoubuyapicturefor£5,000in1985andsellit20yearslaterfor£200,000–theprofitwillbeliabletoCGT INTRODUCTIONTOCAPITALGAINSTAX •ForCGT...
LettingoutpropertyGainattributabletoperiodoflettingischargeableonlytoextentitexceedsthelowerof:•Reliefattributabletoowneroccupiedcalculation•Gainarisingduringletperiod•£40,000 CGT-PPR On1June1985JboughtahouseinStokefor£35,000.HeoccupiedthehouseahisPPRuntil1May1987whenhelefttoworkinBristol,livingina...
-Property business income= normal calculation= gross rent – expenses – Furniture replacement relief Gross rental income> £7500, lower of -Property business income= normal calculation or, -Property business income= alternative calculation= gross rent -7500 16.Premium Landlord: Premium is treated as...