Page 26 - F6 - Capital Gains Tax - Assets & Disposals

Time Of Disposal (Par 13)

WHY IMPORTANT?

It might affect:

 the rate at which a capital gain is taxed

 (eg. Individual's capital gains will be taxed at the taxpayer’s

marginal rate of tax for the yoa in which the disposal occurs)

 whether a capital loss may be set off against a capital gain

 (tax will be payable on the full capital gain if the capital loss was

only incurred in a subsequent year of assessment)