Member Since: 24th Oct 2013
1st Sep 2020
Tax Dragon wrote:
If that was all you were wondering, your OP is highly misleading. The answer is no, and if you didn't know that, it doesn't augur well for the help you are being to your friend.
Please take - or, rather, suggest your friend takes - Basil's advice.
And... if an accountant is cheaper than 20%, s/he's even cheaperer than 28%.
Well have you not heard about indexation allowance, which did take into account inflationary increase so the question is very relevant. Yes it is no longer allowable but I wanted to know if it got replaced by something else.
Do you want to have an accounting quiz and we will know who knows more?. Why do some users have to launch personal attack.
31st Aug 2020
I was just wondering if there is any relief available if the increase in property price is largely due to inflation e.g if I bought property in 1930 then it probably was £1000, which was a lot of money at the time and if I were to sell it now for £10 million then it is not fair in my opinion to pay CGT on £10 million gain?
31st Aug 2020
ignoring all reliefs, and assuming a higher rate taxpayer,
20% of £950,000= £190,000
Accountants are cheaper.
Why 20 percent. I thought it would be 28 percent.
17th Jun 2020
Any help will be highly appreciated
6th May 2020
Would you declare Dubai transactions in box 7?