Computation of marginal relief
= Standard Fraction x (U – A) x N / A
In this formula:
U Upper profit limit
A Profits
N Total profits Standard Fraction (7/400)
=((7/400)*(1500000-300000))*(£282,222.00/£282,222.00)
=£21000
Computation of capital gain tax by Emma
Table 6: Statement showing computation of capital gain tax of Emma
Particulars Amount
Proceeds from sales
Equity shares