You are taxed on the sum of your combined income in any one year at the rate that income puts you in..
For most CGT events, you work out your capital gain or capital loss by subtracting your 'cost base' (what it cost you to get the asset) from your 'capital proceeds' (what you received when you disposed of it). The amount you declare on your tax return is the total of your capital gains for the year, less any capital losses you incurred and any CGT discounts or concessions you’re entitled to.
were next, page-11
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
