172 Bill Ding

a) Gift to belle Sale from Belle

$ $
proceeds 260,000 proceeds 265,000
cost -112,000 cost 260,000
gain 148,000 gain 5,000
Gift relief 123333 gift relief 123333
chargeable gain 24,667 128333
annual exemption 11,300 Annual exemption 11,300
13,367 chargeable gain 117033
CGT 10% 1337 CGT 20% 23407

b) Gift to belle Sale from Belle

$ $
proceeds 260,000 proceeds 265,000
cost -112,000 cost 260,000
gain 148,000 gain 5,000
annual exemption 11,300 Annual exemption 11,300
136,700 chargeable gain 0
CGT 10% 13670 CGT 20% 0