427Meaning of “charged amount”U.K.
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(1)For the purposes of this Chapter, an individual's charged amount is the amount calculated as follows.
(2)Calculate the amount of the individual's modified net income for year X (see section 1025).
(3)Calculate the amount on which the individual is chargeable to capital gains tax for year X.
(4)Add together the amounts calculated under subsections (2) and (3).
The result is the individual's charged amount for year X.