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8 Cards in this Set
- Front
- Back
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How to calculate Share valuation in CGT? |
CGT half up = Low Price + 0.5 x (High price - Low price) |
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How to calculate Part disposal: |
Proceeds / (Proceeds + Remaining) x Cost |
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What is the main benefit of Remittance basis? |
Pay remittance charge = No CGT on Overseas gains |
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What happens if you don't claim remittance basis? |
Will pay CGT on both UK and Overseas gains |
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What the Share matching rules? |
1. Same day 2. Last 30 days 3. Share pool |
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Gains Group requirements: |
UK company
75% Direct 50% Indirect |
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To qualify Investor's Relief: |
Held 5% shares for 3 years
Unquoted trading company Investors Relief = CGT @ 10% |
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How to Calculate Roll over relief: |
Difference between: Original Gain Proceeds not reinvested |
