(a) Richard has net gains for 2020-21 of £18,500 and capital losses brought forward of

£3,300. Calculate his taxable gains for 2020-21.

(b) Richard has unrelieved trading losses (eligible for relief against his capital gains in 2020-21) of £27,500. Re-calculate his taxable gains for 2020-21 if he claims that these losses should (as far as possible) be set against his capital gains.

(c) Now calculate the taxable gains for 2020-21 if the capital losses brought forward are

£12,100 instead of £3,300.