(a) Richard has net gains for 2017-18 of 17,500 and capital losses brought forward of 3,300. Calculate...

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(a) Richard has net gains for 2017-18 of £17,500 and capital losses brought forward of £3,300. Calculate his taxable gains for 2017-18.

(b) Richard has unrelieved trading losses (eligible for relief a gainst his capital gains in 2017-18) of £27,500. Re -calculate his taxable gains for 2017-18 if he claims that these losses should (as far as possible) be set against his capital gains.

(c) Now calculate the taxable gains for 2017-18 if the capital losses brought forward are £10,300 instead of £3,300.

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