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I would have thought the CGT is only payable on the overage after the exclusion?
My solution to 362:
There's definitely ways to do this more efficiently, but this was my stab at it.
It took me a minute to figure out what the tax was supposed to be calculated off of.
Matching output without extra thought about tax brackets
I would have to disagree with the tax conclusions of the "solution", as it appears to tax the seller directly against capital gains and not against Gains - Exclusions - Improvements.
In mine, they pay significantly less.
Here's my solution
Hi all,
Nice one !