CH2 - Calculating CGT Flashcards
CGT SM Chapter 2 Example 3.
1
Q
Gains are calculated by ?
A
deducting costs from the proceeds of sale.
2
Q
Incidental costs of disposal such as ?
A
legal fees and advertising are deductible.
3
Q
Associated costs of acquisition such as ?
A
legal fees and stamp duty land tax are deductible.
4
Q
Enhancement expenditure reflected in ?
A
the state of the asset at sale is deductible in calculating a gain on the asset.
