Ask the Money Doctor: John Lowe on family finance
How much capital gains tax will I pay?
**Answer:** Well done, Gerry, on making a profit in these tough times! Having bought in 1996, you have about seven years of indexation relief – it stopped in 2003.
Indexation relief applies to certain expenditure incurred before 2003. The adjustment is made by multiplying the relevant item of allowable expenditure by a factor, the multiplier. The multiplier to be applied depends on the year of assessment in which the expenditure was incurred and the year...
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