Capital Gains Tax Act, 1975
|
Computation of chargeable gains. |
11.—(1) The amount of the gains accruing on the disposal of assets shall be computed in accordance with Part I of Schedule 1 , and subject to the further provisions in Part II of Schedule 1 and in Schedules 2 and 3. | |
(2) Every gain accruing on or after the 6th day of April, 1974, shall, except so far as otherwise expressly provided by this Act, be a chargeable gain, but subject to the provisions of Part II of Schedule 1 (which restrict the amount of chargeable gains accruing on the disposal of assets owned on the 6th day of April, 1974). |