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Capital gains tax question.
Comments
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[STRIKE]jimmo, taper relief only started from April 1998 so it is not possible to have 10 years of taper relief until April 2008. Taper relief is measured in whole years so 9 years reduces the gain to 65% not 60%.[/STRIKE]I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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but you do get a bonus year if the asset was owned at 17th March 1998, which in this case the OP did. Therefore the 10 years is applicable and the 60% chargable rate would be correct
He who throws mud loses ground0
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