Personal Tax and penalties

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  • Bluewednesday
    Bluewednesday Registered Posts: 1,624 Beyond epic contributor 🧙‍♂️
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    I don't agree that cost, I make the original cost £20,000 - does anyone else agree?

    I calculated that as 100k multiplied by (120/(120+480)).

    Therefore the unindexed gain is £100K, this is presuming the 480k is the value of the rest of the land not the value of the whole land.
  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
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    plus its a part disposal so dont you have to take that in to afect??? or anyone else explane it for me???
  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
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    Hi Annette

    This has always confused me i think hs treated as a whole disposal
  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
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    o i think i get it

    is it selling price/selling + new valued figure

    so 120,000 proceeds

    cost 0.2?
  • Bluewednesday
    Bluewednesday Registered Posts: 1,624 Beyond epic contributor 🧙‍♂️
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    Sent you a pm
  • A-Vic
    A-Vic Registered Posts: 6,970 Beyond epic contributor 🧙‍♂️
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    Bluewednesday wrote: »
    Sent you a pm

    replied thanks :)

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