Taper Relief-CGT PTC Tax

rusbfs44
rusbfs44 Registered Posts: 8 Regular 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

Comments

  • imeldabye
    imeldabye Registered Posts: 147 ? ? ?
    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!
  • Jentel
    Jentel Registered Posts: 60 ? ? ?
    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 week
  • welshwizard
    welshwizard Registered Posts: 465
    tapir relief?
  • rusbfs44
    rusbfs44 Registered Posts: 8 Regular contributor ⭐ ? ⭐
    no welsh wizard not quite what I was looking for.lol
Privacy Policy