Commentary

C2.230 Calculation of chargeable gain

Capital gains tax
Capital gains tax | Commentary

C2.230 Calculation of chargeable gain

Capital gains tax | Commentary

Computation of gain

C2.230 Calculation of chargeable gain

The basic rules for computation of gains and losses are laid out in C1.105.

For individuals, trustees and personal representatives, the basic calculation of the chargeable gain on the disposal of chargeable assets from 6 April 2008 is as follows:

££
Proceeds of saleX
Less: costs of sale(X)
X
Cost of acquisitionX
Plus: enhancement expenditureX
(X)
Chargeable gain or lossX

For companies the basic calculation of the chargeable gain on the disposal of chargeable assets is as follows:

££
Proceeds of sale / market valueX
Less: costs of

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