In 2020-21, a taxpayer whose marginal rate of income tax is 45% (and who pays capital gains

Question:

In 2020-21, a taxpayer whose marginal rate of income tax is 45% (and who pays capital gains tax at 20%) gives listed shares worth £20,000 to a charity. Disposal costs are zero and the taxpayer receives no benefit from making the gift. A capital gain of £12,000 would have arisen if the shares had been sold. How much does this gift cost the taxpayer?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: