This course on taxation is the first of a series of courses for CPA, and it is a part of regulation. This mini course is designed to help you understand the important concepts of Property transactions. To pass the CPA examinations it is very important to understand the concepts and apply them to variety of questions. The examination will not only test your memory but also test how good you are in application of the concepts. I have provided solved examples that will prepare you to apply the concepts and solve variety of CPA questions.