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The Capital Gains Tax (Annual Exempt Amount) Order 2006

Language: English Series: SI ; 2006: 871Publication details: London TSO 2006ISBN:
  • 0110743865
Subject(s): Online resources: Summary: Specifies 8 800 sterling as the amount which, by 3 of the Taxation of Chargeable Gains Act 1992 is the exempt amount for the year 2006-07 unless Parliament otherwise determines. 3(1) of the 1992 Act provides that an individual is chargeable to Capital Gains Tax for a year of assessment only on the amount by which his taxable amount for the year exceeds the exempt amount. 3(5)) of the 1992 Act provides that an individual's taxable amount for a year of assessment is the amount of chargeable gains on which he is chargeable to Capital Gains Tax after any available allowable losses have been deducted and any available Capital Gains Tax taper relief has been applied.
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Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 133118-1001

Specifies 8 800 sterling as the amount which, by 3 of the Taxation of Chargeable Gains Act 1992 is the exempt amount for the year 2006-07 unless Parliament otherwise determines. 3(1) of the 1992 Act provides that an individual is chargeable to Capital Gains Tax for a year of assessment only on the amount by which his taxable amount for the year exceeds the exempt amount. 3(5)) of the 1992 Act provides that an individual's taxable amount for a year of assessment is the amount of chargeable gains on which he is chargeable to Capital Gains Tax after any available allowable losses have been deducted and any available Capital Gains Tax taper relief has been applied.