Direct taxation - part 3
Taught by James Griffiths · AI tutor support included
Students will understand how capital gains tax is calculated, including the role of indexation relief in adjusting gains for inflation. This lesson covers the treatment of tax losses across different periods, rollover relief as a deferral strategy, and how to compute total tax payable using practical worked examples.
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In this lesson
- 0:00 Introduction to Direct Taxation 2
- 4:01 Capital Gains Tax Explanation
- 7:11 Tax Losses Overview
- 10:19 Tax Payable Calculations Example
About this lesson
Dive into the complexities of direct taxation in this comprehensive guide, covering capital gains tax, the treatment of losses, and the intricate dance between corporate and personal tax. This video demystifies the concept of indexing for inflation in capital gains calculations, provides insights into the legitimate strategy of rollover relief, and navigates the rules surrounding the carryforward and carryback of losses. Viewers will gain a thorough understanding of how different types of taxes and losses are handled, equipped with practical examples to illustrate these principles. Watch now to become proficient in navigating the nuances of direct taxation and make informed financial decisions.
Duration: 13m
- Capital gains tax calculation
- Indexation allowance and inflation adjustment
- Tax loss relief and carryforward/carryback rules
- Rollover relief
- Corporate and personal tax treatment
- Tax payable computations
Transcript
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