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    sset from the net sale proceeds. Cost can include the original cost of the asset, improvement expenditure and a
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    Capital gains tax taper relief is an extremely powerful form of relief and can result in significant tax savings.Taper relief was introduced from 5 April 1998. It applies only to individuals not companies. This article concerns individuals only, taxation of corporate bodies is dealt with elsewhere.

    There are two types of relief, business asset and non business asset.

    Capital gains are calculated by deducting the cost of an asset from the net sale proceeds. Cost can include the original cost of the asset, improvement expenditure and an

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    savings.Taper relief was introduced from 5 April 1998. It applies only to individuals not companies. This article concerns individuals only, taxation of corporate bodies is dealt with elsewhere.

    There are two types of relief, business asset and non business asset.

    Capital gains are calculated by deducting the cost of an asset from the net sale proceeds. Cost can include the original cost of the asset, improvement expenditure and a

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    le concerns individuals only, taxation of corporate bodies is dealt with elsewhere.

    There are two types of relief, business asset and non business asset.

    Capital gains are calculated by deducting the cost of an asset from the net sale proceeds. Cost can include the original cost of the asset, improvement expenditure and a

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    relief, business asset and non business asset.

    Capital gains are calculated by deducting the cost of an asset from the net sale proceeds. Cost can include the original cost of the asset, improvement expenditure and a

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    sset from the net sale proceeds. Cost can include the original cost of the asset, improvement expenditure and an allowance for inflation known as indexation allowance could be added. Indexation allowance only applies up to 1998 when it was replaced by taper relief.

    If the asset was owned on or before 31 March 1982 generally the market value at that date can be substituted for original cost.

    Thus the gain to be charged to tax comprises net sale proceeds less the indexed amount of the original cost and indexed cost of improvements. There are

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