Capital gain in the construction industry - Revision history

Designing Buildings: moved Capital gain to Capital gain in the construction industry

2021-02-22T07:31:23Z

moved Capital gain to Capital gain in the construction industry

← Older revision

Revision as of 07:31, 22 February 2021

Designing Buildings at 07:29, 22 February 2021

2021-02-22T07:29:20Z

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	* VAT		* VAT

−	[[Category:Cost_/_business_planning]] [[Category:Property_development]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Definitions]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]

Editor at 10:50, 17 September 2019

2019-09-17T10:50:33Z

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	When an asset is sold (or disposed of) at a profit (ie the difference between the sale price and the original purchase price), the seller is said to have made a capital gain and may be liable to pay capital gains tax on the profit.		When an asset is sold (or disposed of) at a profit (ie the difference between the sale price and the original purchase price), the seller is said to have made a capital gain and may be liable to pay capital gains tax on the profit.

−	Capital gains can be made on the sale of chargeable assets, including property, jewellery, works of art, vintage wines, stocks and shares ~~and so on~~.	+	Capital gains can be made on the sale of chargeable assets, including property, jewellery, works of art, vintage wines, and stocks and shares.

	Capital gains example:		Capital gains example:

Designing Buildings at 10:33, 17 September 2019

2019-09-17T10:33:08Z

← Older revision		Revision as of 10:33, 17 September 2019
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−	Capital gain is a term used in the world of finance, particularly taxation.	+	Capital gain is a term used in the world of finance, particularly in relation to taxation.

	When an asset is sold (or disposed of) at a profit (ie the difference between the sale price and the original purchase price), the seller is said to have made a capital gain and may be liable to pay capital gains tax on the profit.		When an asset is sold (or disposed of) at a profit (ie the difference between the sale price and the original purchase price), the seller is said to have made a capital gain and may be liable to pay capital gains tax on the profit.

−	Capital gains can be made on the sale of chargeable assets, including property, jewellery, works of art, vintage wines, ~~and~~ stocks and shares ~~(see list below)~~.	+	Capital gains can be made on the sale of chargeable assets, including property, jewellery, works of art, vintage wines, stocks and shares and so on.

−	== Capital gains example ==	+	Capital gains example:

	* An art collector sells a painting for £750,000.		* An art collector sells a painting for £750,000.
−	* He originally bought it 10 years previously for £250,000.	+	* They originally bought it 10 years previously for £250,000.
−		+	* Therefore, they have made a profit (capital gain) of £500,000 and will be liable to pay capital gains tax on that £500,000 (assuming there are no allowances or exemptions in force).
−	~~-----~~	+
−	* Therefore, ~~he has~~ made a profit (capital gain) of £500,000 and will be liable to pay capital gains tax on ~~the~~ £500,000 (assuming there are no allowances or exemptions in force).	+

	In the UK, capital gains tax must be paid on gains from chargeable assets such as:		In the UK, capital gains tax must be paid on gains from chargeable assets such as:

−	* Most personal possessions worth ~~£6,000 or~~ more, apart from ~~your~~ car;	+	* Most personal possessions worth more than the threshold, apart from a car.
−	* Property that is not ~~your~~ main home;	+	* Property that is not a main home.
−	* ~~Your~~ main home if it has been let out, used for business or is very large;	+	* A main home if it has been let out, used for business or is very large.
−	* Shares that are not in an ISA or PEP~~, and~~	+	* Shares that are not in an ISA or PEP.
	* Business assets.		* Business assets.
		+
		+	For more information see: Capital gains tax.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Editor at 15:16, 10 September 2019

2019-09-10T15:16:01Z

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	-----		-----
−	* Therefore, he has made a profit (capital gain) of £500,000 and will be liable to pay capital gains tax on the £500,000.	+	* Therefore, he has made a profit (capital gain) of £500,000 and will be liable to pay capital gains tax on the £500,000 (assuming there are no allowances or exemptions in force).

	In the UK, capital gains tax must be paid on gains from chargeable assets such as:		In the UK, capital gains tax must be paid on gains from chargeable assets such as:

Editor at 15:13, 10 September 2019

2019-09-10T15:13:34Z

← Older revision		Revision as of 15:13, 10 September 2019
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	== Capital gains example ==		== Capital gains example ==

−	* ~~A married couple sell~~ a painting for £750,000.	+	* An art collector sells a painting for £750,000.
−	* ~~They~~ originally bought it 10 years previously for £250,000.	+	* He originally bought it 10 years previously for £250,000.

	-----		-----
−	* Therefore, ~~they have~~ made a profit (capital gain) of £500,000 and will be liable to pay capital gains tax on the £500,000.	+	* Therefore, he has made a profit (capital gain) of £500,000 and will be liable to pay capital gains tax on the £500,000.

	In the UK, capital gains tax must be paid on gains from chargeable assets such as:		In the UK, capital gains tax must be paid on gains from chargeable assets such as:

Editor at 15:10, 10 September 2019

2019-09-10T15:10:52Z

← Older revision		Revision as of 15:10, 10 September 2019
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	Capital gains can be made on the sale of chargeable assets, including property, jewellery, works of art, vintage wines, and stocks and shares (see list below).		Capital gains can be made on the sale of chargeable assets, including property, jewellery, works of art, vintage wines, and stocks and shares (see list below).

−	=== Capital gains example ===	+	== Capital gains example ==

	* A married couple sell a painting for £750,000.		* A married couple sell a painting for £750,000.
	* They originally bought it 10 years previously for £250,000.		* They originally bought it 10 years previously for £250,000.

−	-----~~------------------------------------------------------------------------------~~	+	-----
−		+
	* Therefore, they have made a profit (capital gain) of £500,000 and will be liable to pay capital gains tax on the £500,000.		* Therefore, they have made a profit (capital gain) of £500,000 and will be liable to pay capital gains tax on the £500,000.

Editor: Created page with "Capital gain is a term used in the world of finance, particularly taxation. When an asset is sold (or disposed of) at a profit (ie the difference between the sale price and the ..."

2019-09-10T15:10:28Z

Created page with "Capital gain is a term used in the world of finance, particularly taxation. When an asset is sold (or disposed of) at a profit (ie the difference between the sale price and the ..."

New page

Capital gain is a term used in the world of finance, particularly taxation.

When an asset is sold (or disposed of) at a profit (ie the difference between the sale price and the original purchase price), the seller is said to have made a capital gain and may be liable to pay capital gains tax on the profit.

Capital gains can be made on the sale of chargeable assets, including property, jewellery, works of art, vintage wines, and stocks and shares (see list below).

=== Capital gains example ===

* A married couple sell a painting for £750,000.
* They originally bought it 10 years previously for £250,000.

-----------------------------------------------------------------------------------

* Therefore, they have made a profit (capital gain) of £500,000 and will be liable to pay capital gains tax on the £500,000.

In the UK, capital gains tax must be paid on gains from chargeable assets such as:

* Most personal possessions worth £6,000 or more, apart from your car;
* Property that is not your main home;
* Your main home if it has been let out, used for business or is very large;
* Shares that are not in an ISA or PEP, and
* Business assets.

= Related articles on Designing Buildings Wiki =

* Capital.
* Capital gains tax.
* Capital allowances.
* Industrial buildings allowance (IBA)
* Landfill tax.
* PAYE.
* Stamp duty.
* Taxation in building design and construction
* Tax relief.
* VAT

[[Category:Cost_/_business_planning]] [[Category:Property_development]]