U
Unregistered said:Sale----------------------------------------------------250000
less
7 years CTG personal
allowance at 1270py----8890
Cost of property--------50000
Sales cost--------------5000
Purchase cost?---------5000 (or part of?)
-------------------------------------------------------(68890)
Profit--------------------------------------------------181110
CTG Calculation-------------------------- Taxable Gain = 90555
**7/14 x 181110**
**14 = years of ownership**
**7 = years as non resident**--------------CTG due = 18110
Unregistered said:Purchase costs 5K, or part of… I think I had bit of a blond moment putting this in. It shouldn’t be in this calculation.
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