Quote:
Originally Posted by Red_Jackoisback
Everyone also forgets that there was 20% CGT to pay too so £1.8m becomes £1.4 very quickly - if it was £1.8 that is. Not defending anything just stating facts
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Not when you account for all the losses brought forward from previous years to offset it.
In the end we paid around £40k in tax. Losses in years after did not come into that, but can now be used to reclaim that tax.