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Capital Gains
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patsy43
Posts: 84 Forumite

in Cutting tax
could someone explain the difference in the tax quote why wouuld you what to pay more should they just charge the chepest dose not make sense
Straight-line apportionment methodBased on the percentage of your total gain made since 5 April 2015£7,454.04
Gain over whole period of ownership methodBased on the amount you've gained on the property since you became the owner£11,415.00
Rebasing methodBased on the amount you've gained on the property since 5 April 2015£11,535.00
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Comments
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A bit background for context would help. What happened on 5 April 2015?0
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that’s when the government changed the way calculated and also changed again in 2019 so was based on property value on 2015 if bought before and on 2015 to 2019 changed again, I bought the property in 2011
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there are subtle differences between what can and cannot be included in the calculations, so yes they give different results meaning you can choose the most advantageous for you
the caveat re the gain over the whole period is clearly stated: This computation method may only be worth considering if you’ve made a loss
as for why non UK resident people are offered things that UK residents can't have, ask a politician.0
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