CGT RELIEFS

Q1
PROCEEDS 95000
COST -25000
GAIN 70000
LESS:PRR(W1) 47718
CHARGEABLE GAIN 22282

Q2
GAIN 189000
LESS:PRR(W1) 167276
CHARGEABLE GAIN 21724
LESS:AA -12300

9424

CGT 1296
2224
622.72

1919

Q3)

PROCEEDS 350000
COST -125000
GAIN 225000
LESS:PRR(W1) 139078
CHARGEABLE GAIN 85922

H-3
Q4

GAIN 70000
LESS:PRR -56000
CG 14000

Q5
CHARGEABLE GAIN 60000
LESS:PRR -51429
CG 8571

Q6

CHARGEABLE GAIN

GAIN 209738
LESS:PRR -142729
LESS:LETTING RELIEF -34843

32166

q7

CHARGEABLE GAIN

GAIN 84400
LESS:PRR -46232
LESS:LETTING RELIEF -17203

20966

PROCEEDS 140000
COST -45000
EXTENSION COST -10600

84400
q8
LIVED IN HOUSE 12
LAST 9 MONTHS 9

21
1.75

q9
Gains qualifying
factory 275000
goodwill 330000
warehouse -100000
comm iv prop
shares 600000
cg 1105000
less aea
less cap loss /f
cgt 1105000

cgt
1000000*10% 100000
105000*20% 21000
180200*20% 36040
157040

Gains qualifying
cg 40000

40000

cgt
40000*10% 4000
13000*20% 2600
 6600

Gains qualifying
cg 10000

10000

cgt
10000*10% 1000
7200*10% 720
6400*20% 1280

3000

bpp-127

Gains qualifying
cg 8000

8000

cgt
8000*10% 800
1800*20% 360

1160

Gains qualifying
cg 660000

660000

cgt
600000*10% 60000
60000*20% 12000
8900 2492
74492

2021/22
Gains qualifying
shares 43000
warehouse
43000

cgt
43000*10% 4300
246000*20% 46740
51040

2022/23
Gains qualifying
Factory 649500
goodwill 13000
662500
antique table
less:aea -6075

656425

cgt
607000*10% 60700
49425*20% 9885
70585

Gains qualifying
3251200
-12300
3238900

kaplan
161

547780

procced 375000
cost -30000

345000

gains qualifying
cg 345000
less:aea 5300
339700

339700*10% 33970

gains qualifying
cg 13000000
less:aea 12300
12987700

12987700*10% 1000000
2987700*20% 597540
1597540

kaplan-155 gains qualifying

45300
-12300
33000
33000*10% 3300

FULL REINVESTMENT FORMAT

OLD ASSET

PROCEEDS XXX
LESS:COST (XXX)
GAIN XXX
LESS:ROR (XXX)
CHARGEABLE GAIN 0

NEW ASSET

COST XXX
LESS;ROR (XXX)
BASE COST XXX

PARTIAL REINVESTMENT FORMAT

OLD ASSET
CHARGEABLE GAIN IS

LOWER OF

1) NORMAL GAIN
2) AMOUNT NOT REINVESTED

Q14

CGT (OLD ASSET)

PROCEEDS 180000
COST -160000
GAIN 20000
LESS:ROR -20000
CHARGEABLE GAIN 0

Q15

CGT (OLD ASSET)

PROCEEDS 300000
COST -170000
GAIN 130000
LESS:ROR -130000
CHARGEABLE GAIN 0

Q16

CGT (OLD ASSET)

PROCEEDS 100000
COST 43640
GAIN 56360
LESS:ROR -56360
CHARGEABLE GAIN 0

Q17
A)
CGT (OLD ASSET)

PROCEEDS 750000
COST -635000
GAIN 115000
LESS:ROR -65000
CHARGEABLE GAIN LOWER OF: 115000 OR 50000 50000

B)

CGT (OLD ASSET)

PROCEEDS 750000
COST -635000
GAIN 115000
LESS:ROR 0
CHARGEABLE GAIN LOWER OF: 115000 OR 200000 115000

18
BU(60%)

PROCEEDS 97200
COST -39300
GAIN 57900
LESS:ROR -57900
CG 0

CG(NEW ASSET)

PROCEEDS 250000
BASE COST -122100
CG 127900
 19
BU(85%)

GAIN 38250
LESS:ROR -38250
CG 0

CG(NEW ASSET)

BASE COST 461750

CG-FIRST FACTORY

EXTRA QUESTION
BU(30M)

PROCEEDS 125000
COST 83333
GAIN 41667
LESS:ROR 16667
CG 25000

CG(NEW ASSET)

BASE COST 516667

Q20

2019/20

Sale of freehold factory

proceeds 420000
cost -250000
Deferred Gain 170000

This gain become chargeable on earlier of

a) March 2021
b) March 2021
c) June 2019

the gain 170000 become chargeable in tax year 2020/21

Sale of Fixed P&M

Proceeds 475000
Cost -450000
Chargeable Gain 25000

The total chargeable gai for 2020/21 is 195000

(Deferred Gain)

2008/09

Sale of freehold factory

proceeds 350000
cost -200000
Deferred Gain 150000

This gain become chargeable on earlier of

a) March 2021
b) March 2021
c) July 2020

the gain 150000 become chargeable in tax year 2020/21

Sale of Fixed P&M

Proceeds 500000
Cost -400000
Chargeable Gain 100000

The total chargeable gai for 2020/21 is 250000

(Deferred Gain)

GIFT OF BUSINESS ASSETS

DONOR

PROCEEDS MV
LESS:COST (XX)
GAIN XX
LESS:GR (XX)
CG 0

Q22

PROCEEDS 100000
Cost -60000
Gain 40000
less:GR -40000
CG 0

DONEE

COST 100000
GR -40000
Base Cost 60000

Q22
DONOR

PROCEEDS 40000
Cost -25000
Gain 15000
less:GR -15000
CG 0

DONEE

COST 40000
GR -15000
Base Cost 25000

Q22
DONOR

PROCEEDS 52000
Cost -20000
Gain 32000
less:GR -32000
CG 0

DONEE

COST 52000
GR -32000
Base Cost 20000

Sale Below MV

DONOR

PROCEEDS 52000
Cost -20000
Gain 32000
less:GR -24000
CG 8000

DONEE

COST 52000
GR -24000
Base Cost 28000
Extra Question a)
DONOR

PROCEEDS 75000
Cost -20000
Gain 55000
less:aea -12300
CG 42700

b) DONOR

PROCEEDS 75000
Cost -20000
Gain 55000
less:GR -55000
CG 0

DONEE

COST 75000
GR -55000
Base Cost 20000

DONOR

PROCEEDS 75000
Cost -20000
Gain 55000
less:GR -22000
CG 33000
less:aea -12300
20700
DONEE

COST 52000
GR -24000
Base Cost 28000

Lost Damaged Destroyed

1) Allowable Loss

Proceeds 0
Cost -15000
Allowable Loss -15000

2)
Proceeds 50000
Cost -35000
Chargeable Gain 15000

3)
Proceeds 35000
cost -25000
gain 10000
ror -10000
0

q4
45000-21140
23860

65000
-26140
38860

q5

proceeds 113000
cost -83040
gain 29960
ror 20400
chargeable gain 9560
lower of
29960
9560

q6

Proceeds 30000
Cost 5455
Chargeable Gain 24545

q7)

REVISED BASED COST

210000

77500
W1
1)
2)
3)
4)
5)
6)

W1
1)
2)
3)
4)

W1
1)
2)
3)
4)
5)
6)
 PRR

TOTAL
LIVED IN HOUSE 12
TRAVEL IN WORLD 84
LIVED IN HOUSE 217

3/4 AND 1/4

313

LETTING RELIEF

1) 40000
2)142729
3)209730*(52/313) 34843.32

PRR

TOTAL
LIVED IN HOUSE 109

LIVED WITH SISTER 48

157

LETTING RELIEF
 1) 40000
2)105223
3)140000*(39/157) 17203

YEARS

Gains ot qualifying

200300

200300
-12300
-7800
180200

Gains ot qualifying
25300
-12300
13000
Gains ot qualifying
25900
-12300
13600

Gains ot qualifying
14100
-12300
1800

Gains ot qualifying
21200
-12300
8900

Gains ot qualifying
 246000
246000
-12300
233700

Gains ot qualifying

6225
-6225

she paid pound 1 shares

gains not qualifying

 7000
-7000
0
BASE COST

COST 200000
LESS:ROR -20000
BASE COST 180000

BASE COST

COST 360000
LESS:ROR -130000
BASE COST 230000

PROCEEDS 550000
BASE COST -230000
CHARGEABLE GAIN 320000

BASE COST

COST 140000
LESS:ROR -56360
BASE COST 83640
 PROCEEDS 380000
BASE COST -83640
CHARGEABLE GAIN 296360

BASE COST

COST 700000
LESS:ROR -65000
BASE COST 635000

BASE COST

COST 500000
LESS:ROR 0
BASE COST 500000

NBU(40%)

64800
-26200
38600

38600
NBU(40%)

6750

6750

NBU(24M) BASE COST

100000 COST
66667 ROR
33333

33333
a) 14 october 2031
b) 14 0ctober 2031
c)12 aug 2031
DONEE

COST MV
LESS:GR (XX)
Base Cost XX
 proceeds 95000
base cost -20000
75000

-32000
0

proceeds 95000
-32000 base cost -28000
20000 67000
proceeds 95000
cost -75000
20000
aea -12300
7700

proceeds 95000
base cost -20000
75000
aea -12300
62700

proceeds 95000
base cost -53000
CG 42000
 less:AEA -12300
Taxale Gain 29700

proceeds 95000
-32000 base cost -28000
20000 67000

cost 40000
ror -10000
30000

50000
-23860
26140
cost 103440
ror -20400
base cost 83040
 TOTAL EXEMPT CHARGEABLE
LIVED IN HOUSE(ACC OCC) 14 14
LIVED IN SOUTHAMPTON(DEEMED ANY REASON) 27 27
EMPLOYED (DEEMED OVERSEAS) 12 12
LIVED WITH RELATIVES(DEEMED ANY REASON) 4 4
LIVED IN THE HOUSE(ACTUAL OCCUPATION) 161 161
LIVED I RENTAL PROPERTY IN NEWCASTLE 115 9 106
333 227 106

TOTAL EXEMPT CHARGEABLE

LIVED IN HOUSE(ACC OCC) 24 24
EMPLOYED OVERSEAS 78 78
TRAVEL IN THE WORLD 66 36 30
LIVED IN HOUSE(ACC OCC) 93 93

261 231 30

TOTAL EXEMPT CHARGEABLE

LIVED IN HOUSE SOUTHAMPTON(ACC OCC) 14 14
LIVED IN RENTED FLAT(DEEMED ANY REASON) 27 27
MOVED TO NEWYORK OFFICE 12 12
LIVED WITH RELATIVES(DEEMED ANY REASON) 4 4
LIVED IN THE HOUSE(ACTUAL OCCUPATION) 125 125
LIVED IN RENTAL PROPERTY IN NEWCASTLE 127 9 118
309 191 118
EXEMPT CHARGEABLE
12
36 48

9
156 52

213 100

EXEMPT CHARGEABLE
13

64 32

9 39

86 71
BASE COST

100000
16667
83333
-20000
75000
-20000
75000