Capital Gains Tax 07 - Provide a computation for each disposal of an asset which is not an exempt asset

A capital gain or allowable loss may arise if you dispose of an asset which is not exempt from Capital Gains Tax. Provide a separate computation of each gain or loss.

You will be asked later if you want to use a worksheet, which has been incorporated into these pages, to provide a computation. If you use a capital gains computation worksheet to work out the gain or loss on the disposal of an asset, the worksheet will be attached automatically to your return. If you do not use a worksheet, you will be able to attach your own computation or include it in additional information at the end of the Capital Gains section.

You can choose to use worksheets for some disposals and to provide your own computations for others.