Syllabus D4
Gains and losses on the disposal of movable, immovable prop 4 / 6
a) Define chattels
i) non-wasting
ii) wasting.
b) Explain and demonstrate the calculation of gains on chattel disposals
i) exemptions
ii) marginal relief
iii) deemed proceeds for losses
iv) awareness of the interaction with capital allowances.
c) Calculate gains on part disposals.
d) Calculate gains where compensation or insurance proceeds are received for assets lost or destroyed.