Top slicing relief

Negligible income other than chargeable gains

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Hi

I hope someone can help me - I'm struggling to use worked examples in calculating top-slicing relief on a case where pension income was £300 and the only other income related to 8 chargeable gains totalling £110,000.  All the examples I can find use e.g. employment income added to the annual equivalents (top slices) less the basic rate band to give the portion of annual equivalents falling in the higher rate band to enable the 'further tax' to be calculated.

Any suggestions gratefully received!

Thank you!

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By Marion Hayes
02nd Jul 2016 09:10

Why is that a problem?
Please list the individual gains with each number of relevant years

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Replying to Marion Hayes:
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By 27Spots
04th Jul 2016 09:32

Hi Marion,
Thanks - details below. I'm not experienced in applying this kind of relief so its perhaps not a problem, it just seems to skew the calculations. I'd be grateful to see what you think!
Pension income - £330 (state pension so not taxed)
Chargeable gains -
£3,900, 15 years;
£5,300, 6 years;
£10,800, 12 years;
£46,000, 17 years;
£35,000, 17 years;
£4,000 10 years.

Many thanks.

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