P235 CJEFAX 4@2/j@Sun 26 Fed 21:)5Op1 k £ kj k |h4 |, 4 4 3 WU $kj $kj '+ S OL CAPITcL G— NS TcX You wot[ out the taxable gain or allowable loss o^ gUlling an@asuej by d uc n hj co f the ass tom pro e s g w ou se t b @@ @ Gains and louses are netted off. ((e bnnual exemption oj £6,300 (£6-500 in )997/98) wot deducted^ @ A.z rim!inink gain is taxed at your own top rate of income tax. Only gains mbdj ujnce 31 March 1:42 are taxable. A transfer between spouses is not taxadli. @ Source: Ernst & Younn (see page 271) PURCHASED LIFE RATES MOVED TO 265 P ns on T xInd In a M n MunP235 CJEFAX 2 265 Sun 16 Feb 21:46/24 £3 k U O PARCHASED LNFE RX S FO W M 2/2 Lou L FEM LE FlMALE EMALE AN RITZ 7 7 80 C l if £ 8 21 139 s d L fi £ 1 8 1208 1434 A y ifi £ 1048 11 7 13 7 o t p GROK ANNUAL ANNUITY FOR £ 0,00 Gu rant id yrs, mt ly in arr ats. T @ e P i T x x x Main MenuP235 CJJ AX@2 2/m@Sun@16 Feb 22:43O3, Q 3O3 U W"£££"£££"££C O]^L EXAMPLE0CAPIT"L0fAINU TaX0CeLCUV—T-ON Assex bought in June 1990 for £1*,000 and sold i^ June 1y96@fo: £30L000. UPI 1996 was 15s.0. IndixQtion allo{ ncu: X153.0-12v.7)/126.7 = 0.408 h.288 x Q6,p95 = £3-120 CahZtal obi.:@@ @ @ @ @@@@ pro ieh 30 0 0 Elius$couv zfus indexptjon ( 8.)[()W gqjn 1)*880 exemption* (6,300I G X * avvvmjng only oaR^ sPat year @ T av l 3 Front pbgj Pe.rio- $bxILdjyQ T@ ZUZ