Capital Gains - Non Business - Contractor UK Bulletin Board

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MarillionFan replied

16 October 2006, 08:44
Cheers. Thats the one

Which just goes to prove, you never know it all. Least I was right about commercial. Only 25% CGT after two years. Pity the stupid bitch pulled out on me two days before exchange. Grrrrrrrr.
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AtW replied

16 October 2006, 08:26
http://www.hmrc.gov.uk/leaflets/cgt1.htm#f2

hth
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MarillionFan started a topic Capital Gains - Non Business

16 October 2006, 08:13
Capital Gains - Non Business

I was just looking at a tax card some accountant handed me and it shows tapered relief for Capital Gains on non-business assets.

If you have held an asset for 5 years and sell it it you only pay tax on 85% of the rises. Is this correct I always thought it was CG on the whole amount?
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