P543 Teletext 543 Feb11 00:12:30
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-- CAPITAL GAINS TAX ------------------
Teletext replies
Under the new rules up to £200 of
indexation would be allowable on a
£200 face-value profit - so no profit,
but no loss either.
The allowance for shares bought after
April 5 1982 is the cost times the RPI
percentage increase in the period
between purchase and disposal.
Remember - you pay no tax on a gain
below the 1994-95 allowance of £5,800.
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Property Plus Your money Tax Index