Does anybody know how this is worked out- ie the order are any gains of different types are made against your annual allowance?
e.g. say you make a £30K gain which qualifies for ER and a sale of a property on which you make a £20k gain and you make the gains in the same tax year.
is it 30000-12300 = 17700 gain thus £1770 @ 10% ER
then the full CGT on the property gain at your appropriate marginal rate.
or does the allowance get allocated against the property?
Account is busy and googling reveals nothing
e.g. say you make a £30K gain which qualifies for ER and a sale of a property on which you make a £20k gain and you make the gains in the same tax year.
is it 30000-12300 = 17700 gain thus £1770 @ 10% ER
then the full CGT on the property gain at your appropriate marginal rate.
or does the allowance get allocated against the property?
Account is busy and googling reveals nothing
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