Formulas Flashcards
1
Q
QSR
A
Tax paid x net transfer/ gross transfer x QSR
2
Q
Periodic charge
A
(Value of fund at anniversary LESS current NRB) x 6%
No periodic charge if value of trust property is less than NRB
3
Q
Effective rate
A
Periodic charge / trust value
4
Q
Exit charge
A
Capital withdrawn x ER x n/40
N = no. Of complete quarters since last periodic charge
5
Q
Private residence relief
A
Total qualifying period (months) / total ownership period (months) x total gain
