How much capital tax will be payable on the capital gain recorded in 20X3?

CORRECT TEXT

Country Q has the following rules in respect of capital tax on the disposal of assets:

* Capital gains are subject to tax at 25%.

* Capital losses can only be carried forward and offset against future capital gains.

The following data relates to ABC:

How much capital tax will be payable on the capital gain recorded in 20X3?

Give your answer to the nearest $.

View Answer

Answer: $62500