An individual has capital losses brought forward from previous years amounting to 4,800. Compute the individual's taxable
Question:
An individual has capital losses brought forward from previous years amounting to £4,800. Compute the individual's taxable gains for 2020-21 if total gains and losses for the year are as follows:
either
(a) gains £11,400, losses £1,000 or
(b) gains £13,200, losses £300 or
(c) gains £18,300, losses £nil.
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a Net gains are 10400 1900 of the annual exemption is lost ...View the full answer
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