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I purchased a property in 1997 for 100.000 and am selling…

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I purchased a property in...
I purchased a property in 1997 for £100.000 and am selling it for £200.000. I earn £16,000 a year , I am 70. With the recent budget Do I have to pay capital gains at 18% or will the £100,000 gain put me into the higher rate bracket and therefore have to pay it at 28%. I realise That i would have my £10,000 personal allowance. How much would i have to pay in cap gains tax?
Submitted: 8 years ago.Category: UK Tax
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6/24/2010
UK Tax Professional: Sam, Accountant replied 8 years ago
Sam
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