Carol purchased a holiday flat in December 2013 for 100,000. She spent 5,000 on installing central heating
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Carol purchased a holiday flat in December 2013 for £100,000. She spent £5,000 on installing central heating in February 2014 and a further £750 on repainting the interior of the flat in March 2014. The flat was never Carol's main residence.
She sold the flat at auction in February 2022 for £172,000, paying a 5% fee to the auctioneer. Legal costs were £400 in December 2013 and £500 in February 2022. Compute Carol's chargeable gain on the disposal of the flat.
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