**Day 4.** Capital Gains Tax

** D2.** The basic principles of computing gains and losses

a) Compute capital gains for individuals.

b) Explain the circumstances when market value may be used for the transfer value

i) bargains not at arms length

ii) gifts.

c) Demonstrate the calculation of market value for quoted shares and securities.

d) Calculate disposals of post 31 March 1982 assets including enhancement expenditure.

e) Explain the use of capital losses for individuals

i) current year

ii) brought forward.

f) Compute the amount of allowable expenditure for a part disposal.

**D2.**Calculate the capital gain

01Explanation5:26

**D2.**Enhancement Expenditure

02Explanation1:45

**D2.**Illustration - residential property

03Illustration2:32

**D2.**Illustration - investment property

04Illustration2:24

**D2.**September 15 Q1a (Updated FA20)

05Past Paper2:09

**D2.**Capital losses

06Explanation3:48

**D2.**June 15 MCQ 3 (Updated FA 2020)

07Past Paper2:37

**D2.**The treatment of capital gains

08Quiz questions

**D2b.**Market value and the transfer value

09Quiz questions

**D2c.**Gift of quoted shares

10Quiz questions

**D2e..**The treatment of capital losses

11Quiz questions

**D2f/4c.**Allowable expenditure on a part disposal

12Quiz questions

**D2.**How to calculate the allowable cost?

13Explanation4:14

**D2.**Illustration

14Illustration1:24

**D2.**March 16 Q3a

15Past Paper2:37

CBE Questions

Syllabus

**D2**