ICANTaxationCapital Gains Tax2025

In computing a chargeable gain, which of the following is an allowable deduction?

ACost of maintaining the asset during ownership
BInterest on a loan used to buy the asset
CIncidental costs of acquisition and disposal, such as legal and valuation feesCORRECT
DInsurance premiums on the asset
AI
Toaster Teacher
Why the answer is C, and why the others tempt you.
Only the acquisition cost, enhancement expenditure reflected in the asset at disposal, and incidental costs of acquisition and disposal are deductible. Running costs, loan interest and insurance are not.
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