Tag: Shahrukh Irfan
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In 2020/21 Bruce has capital gains of £18,000 and capital losses of £6,000. He also has capital losses of £5,000 brought forward at 6th April 2020. What is the CGT situation?
Seminar Questions National Insurance Contributions Pensions Trading Losses Income Tax Planning Capital Gains Tax Inheritance Tax NIC’s & Pensions NIP 1.John is self-employed and makes up his accounts annually to 5th April. His 2020/21 taxable trading income is £46,600. You are required to calculate the class 2 and class 4 NIC’s payable by John for…