›

CGT - pre & post budget

smithsmith Member
in Technical stuff

Hello there.

We have a client who has had gains pre budget and will have gains after, roughly £2,750 either side. Easy so far as it'll be 20% before and 24% after (HRT payer).

However... How does the annual exempt amount factor into this? The £3k could wipe out one side, but which... I can't seem to find anything that helps... The most sensible option feels that the AEA is used by the earlier gains first?

Thanks in advance...

Share on Google+

Comments

  • richardgoughrichardgough Member

    HMRC CGT Manual under CG18000 says "The AEA can be set off against gains in whatever way is most beneficial to the person concerned."
    This has not changed post budget which would imply you can use it against the post budget gain in full.

    Share on Google+
Sign In or Register to comment.