Our client has about £27,000 income and 2 Capital gains in 2016/17.
One gain of circa £60,000 is eligible for ER, the other on Residential property (no PPR available) is around £50,000
There is scope for some of the gain to be taxed at the lower rate, so can we have part of the property gain taxed at the lower 18% or does the ER gain use up all of the available lower rate band?
Replies (3)
Please login or register to join the discussion.
The ER gain uses up the unused basic rate band. You can choose which gain gets the annual exemption.