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CAP TAL GAIN+ TAX 1/4
You work out th taxabl@ ain or
allowabli loss on selling an assjt by
djducting thj cost of thj asset from
the proceedQ you £et whb& yo4 sjll itW
The annual exemption of £6,800 for an
individual is thjn djducted.
Any remaining gain is taxid at your own
top rate@of incomj tax.
Only gains made since 31 March 1982 are
t x12lu. @ tea7;fer betwee7 spouses is
Sosrce: Ernst & Young (sje page 271)
Mortgages & Savinks GuudR 250
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