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Where Taxpayers and Advisers Meet

Allocating Gains from Property and Shares in same year

Surrey12
Posts:7
Joined:Tue Aug 25, 2020 7:47 am
Allocating Gains from Property and Shares in same year

Postby Surrey12 » Wed Mar 31, 2021 7:22 pm

Hello

I am sure this is a common scenario and query but I'm having a devil of a time finding the answer.


Example is:

If I sell a second property with a gain of £30,000 and shares also with a gain of £30,000 and have no other income


Total Gain £60,000
Less: Exemption £12,500
Net £47,500

Is tax to pay A.
£30,000 @10%
£7,500 @18%
£10,000@28%

Or B.
£30,000 @18%
£7,500@10%
£10,000@20%

regardless of the order of when things are sold?


Many thanks for any help you can give.

Rob.

bd6759
Posts:4262
Joined:Sat Feb 01, 2014 3:26 pm

Re: Allocating Gains from Property and Shares in same year

Postby bd6759 » Wed Mar 31, 2021 10:33 pm

It’s entirely up you which gain you set the allowance against. Obviously setting it against the property gain reduces the tax.


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