Can I use loss on selling shares to work against charge on profit on selling other shares?
Here's an example:If I buy lb1000 of shares in A and lb1000 of shares contained by B. Then sell both shares surrounded by the same year and bring back the following result.
- All Shares in A sold for lb1100 (lb100 profit).
- All shares within B sold for lb900 (lb100 loss).
Can I offset the profit and loss and bring to a close up being charged lb0 UK toll?
Also, what if shares in B are lower than an ISA?
Thanks in credit for all suggestion,
Answers: Yes you can offset losses against current year's gain, or carry them forward.
Gains/losses on ISAs are outside the excise system completely.
So what exactly is " tax returns"?
Answers: Every years we all do our taxes, some are lucky to get a money return on the taxes they paid, for me I own 2 business so I have to pay every year and I pay GST every 3 months, just one of the joys of owning a business, hope this answered your question Lucy.
You file a tax return to report income and withholding to the IRS and to determine whether you owe additional tax or are due a refund. US tax returns are due to be filed by April 15 every year for the preceding year.
What ARE tax returns?
What was the VAT rate when it was first introduced in 1973?
Answers: 8% and 12.5% for electric goods
And my wage then was £8 a week
1 In the UK this was one of the major differences between VAT and income tax – VAT was collected and calculated by the taxpayer. However with the introduction of self-assessment the two become much more alike
2 A sales tax is imposed as a percentage of every sale. Therefore if there are 3 transactions before the goods reach the consumer the total tax is 6% + 6% + 6% but if there are 5 it is 6% + 6% + 6% + 6% + 6%.
3 VAT in the UK is collected and enforced by HM Customs & Excise despite the fact it is neither a Customs Duty nor an Excise Duty
Sorry to all the above answerers but the original rate was 10%.
It only changed to 8% on 29th July 1974.
The higher rate was not introduced until 18th November 1974 when it was fixed at 25% on petrol.