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So what happens now. Will someone else pick up my question and provide an answer, for the fee that I have already paid?
sorry, I didnt think you answered my question satisfactorily, I had requested a tax calculation,an expected Capital Gains Tax amount to pay, and the due date to pay it.Can you supply these details or withdraw,allowing someone else the opportunity to supply them.
In most cases:
Coming to your probable tax amount, in most case, like yours, The value on which the gain (or loss) is based is normally the consideration received. However, on gifts and certain sales, the open market value is used instead.
So, it would be 90,000. On this 90,000 you will deduct any other costs that you have incurred while disposing of the assets, and after than you will add or deduct ( as the case may be) any other capital gain or loss that you have.
By this, you will reach at net amount chargeable to capital gains.
Having done this, you will deduct annual exempt limit,
The Annual Exempt Amount for the tax year 2012-13 is: £10,600 for each individual