J
Jiang Kaijie
Member
"for individuals, the amount chargeable to capital gain tax could be added on to the income liable tax and charged to CGT at the individual's marginal tax rate. In the UK, a rate of 10% or 20% has applied to capital gains above the allowance, depending on the level of taxable income."
question(true or false)
chargeable gains made by individual are taxed at their marginal tax rate.
Answer is false.
why is it false? could you please explain what the meaning of the first sentence in the text is in other words?
question(true or false)
chargeable gains made by individual are taxed at their marginal tax rate.
Answer is false.
why is it false? could you please explain what the meaning of the first sentence in the text is in other words?