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Accounting Journal
Accounting Journal
Five common capital gains tax errors

Five common capital gains tax errors

Asif Patel's avatar
Asif Patel
Oct 11, 2024
∙ Paid

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Accounting Journal
Accounting Journal
Five common capital gains tax errors
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HMRC have revealed that every year lots of simple errors are made in tax returns in relation to capital gains tax which result in the taxpayer suffering additional tax, interest and penalties. Here are some common mistakes, and how to avoid them.

1.    Using the correct annual exempt amount

When calculating how much capital gains tax you need to pay, it i…

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