Hilary bought a chargeable asset in November 1978 for 3,000. The asset had a market value on
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Hilary bought a chargeable asset in November 1978 for £3,000. The asset had a market value on 31 March 1982 of £5,000. She sold part of the asset for £8,000 in November 2020, at which time the remainder of the asset was valued at £12,000. Compute the chargeable gain arising on this disposal.
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Sale proceeds Less Part market value ...View the full answer
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