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Capital Gains Tax


Guest mark&rachel

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Guest mark&rachel

Hello All

 

Does anyone know a decent person in UK who can advise me on Capital Gains Tax?

Dont want to pay any but looking at transferring some money having just sold our flat over there.

 

Any help would be much appreciated

 

Regards

Mark

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Okay, you only pay tax on the profit. E.g if you bought for 100000 and sold for 125000 its only the 25000 that is taxable as that is the gain so to speak. I know there is also a set chunk of money approx £8000 from a profit which is exempt from this tax also, which you both can claim if proprietors which brings down the amount taxable, theres also lettings relief on cgt, theres a good website www.taxationweb.co.uk for further info also on this kind of stuff :)

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Guest mark&rachel

Excellent yes il look at that. I remember reading something about something tto do with how much it was valued at the time of entering pz etc.

Om shocking at all this

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