In 2023-24, a taxpayer whose marginal rate of income tax is 45% (and who pays capital gains
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In 2023-24, 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. A capital gain of £12,000 would have arisen if the shares had been sold instead. How much does it cost the taxpayer to make this gift rather than selling the shares?
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Assuming that 45 income tax would have been payable on at least 20000 of taxable income if the g...View the full answer
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