jerrycan
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Capital Gain and Personal Savings Allowance
In 23/24 I had low earnings income making me eligible for the £1000 PSA band but I had a large capital gain on a foreign holiday home disposal which meant I have to pay CGT at the 28% rate on some of that gain. Do I lose some of the PSA or is the applicable band only dependent on earnings income? Thanks -
Calculating gain on sale of Spanish holiday home
In Spain 3% is deducted from the sale proceeds as a capital gains tax levy. Can I include this figure as an allowable cost to reduce my gain for HMRC CGT reporting or do I exclude it from my CGT calculations and claim back using foreign tax credit relief.