1243 - Your reference for this gain

Enter your reference (for example, a number or brief description) for the gain. This will be used to identify the gain and associated taper rate in the summary table and in the summary of gains after applying taper relief.

If the gain arises on an asset which was not wholly a business asset or a non-business asset during the period you held it from 6 April 1998, the gain must be appropriately apportioned between the business and non-business elements. Part of the gain will qualify for the business asset rate of taper relief and the other part for the non-business asset rate of taper relief (see Help Sheet 279).

If you have to apportion a gain between business and non-business elements, treat the two parts as separate gains for the purposes of this calculator, one gain attracting business taper relief and the other non-business taper relief.

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