| £ | £ | |
| Sale proceeds | 45,000 | |
| Less: | ||
|
allowable expenditure
|
10,000 | |
| |
(10,000) | |
| Taxable gain | 35,000 |
Knowledge Bank >
Tax >
Capital gains tax
07: Worked example
An investment acquired for £10,000 in May 1985 was sold for £45,000 net of expenses in June 2009.
The FSA does not regulate tax advice. Tax rules are subject to change.
