C
cjno1
Member
Under I-E taxation, in the I section you include realised chargeable gains on property and equity, with indexation on the gains at RPI.
I just wondered how this worked when you have a mixture of gains and losses.
For example, if one piece of property has made a chargeable loss of £10m, and one has made a chargeable gain of £20m, would you only index the overall net gain of £10m, or would you ignore the property with a loss and index the full £20m gain on the other property?
I just wondered how this worked when you have a mixture of gains and losses.
For example, if one piece of property has made a chargeable loss of £10m, and one has made a chargeable gain of £20m, would you only index the overall net gain of £10m, or would you ignore the property with a loss and index the full £20m gain on the other property?