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of <h1>Excess receipts from transfers within a depreciable block treated as short-term capital gains; full block disposal treated similarly</h1> For a capital asset that is part of a depreciable block, sections on block transfers are modified: if during the tax year the consideration for transfer(s) of one or more assets in the block exceeds expenses of transfer plus the block's opening written down value and the actual cost of any additions that year, the excess is treated as short-term capital gains. If the entire block is disposed of in the year, the block's cost equals the opening written down value plus actual cost of additions during the year, and the receipts from such transfer(s) are treated as short-term capital gains.
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