Calculation of gains

A separate computation will be required for each asset that is disposed of during a company’s accounting period.

For a proforma for calculating gains and losses, see Proforma ― corporate capital gains computation.

To calculate the gain, it will be necessary to determine the following:

1. •

   date of disposal

2. •

   disposal proceeds

3. •

   acquisition costs

4. •

   allowable expenditure

5. •

   if the asset was acquired before 1 January 2018, indexation allowance up to 31 December 2017

Each of these elements is explained in detail below.

The other guidance notes in this section provide further