I'm not very familiar with tablature, coming from a vocal / piano background, so this may be a silly question (or two) -
If it says Capo 3, the chords are played as if the capo is the nut, right? so a tab of first fret would really be playing the fourth fret?
And, then, if you wanted to play it in the original key but without capo, you would have to transpose the tab up 3 semitones?
Thanks