Taper Relief-CGT PTC Tax
rusbfs44
Registered Posts: 8 New contributor 🐸
Does anyone have an easy method to work out the number of years ownership of assets to work out the taper relief, as I always seem to get it wrong.
Thanks
Thanks
0
Comments
-
yes you and me both. i sat PTC in June and just used my fingers - counting out silently how many years. mad i know but it worked!0
-
If indexation is involved as well astaper relief then the years will always be 10. This is because indexation is up to 06/04/98 and taper relief starts from that date so as of this year 2008 exams taper relief will always be 10 years. If indexation is not used then other than using my fingers i usually write down the dates. eg.
05/06/1999 - 04/06/2000 = 1yr
05/06/2000 - 04/06/2001 = 2yrs
05/06/2004 - 04/06/2002 = 3yrs
etc etc
Good luck all for next week0 -
-
no welsh wizard not quite what I was looking for.lol0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 323 NEW! Qualifications 2022
- 165 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 88 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership