I have a client who potentially will make £1-2million in gains during 2008/2009.
Will these all be taxed at 18% or is there a rate threshold whereby the rate changes?
NMP Accountant
Replies (5)
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MinL
Yep you've guessed it, my Mother in Law is staying for a few days and I guess it rubs off. Regards Peter
comment
"Why is Accounting Web full of sarcastic accountants these days??? "
Probably it reflects the number of incompetent posters (I won't demean my profession by calling them accountants) asking basic questions to which they should, if they have the temerity to purport to be advising their clients - and no doubt charging them a fee - in respect of the subject matter, know the answer.
Thanks Peter...
Thought that was the case. Just wanted confirmation.
In actual fact it relates to the sale of privately owned domain names.
Why is Accounting Web full of sarcastic accountants these days???
Flat Rate
Assuming these are disposals of private ( non business ) shares then the CGT will be at the new Flat rate of 18%. I'm a bit surprised you did not know that.
Regards Peter