Jon bought a chargeable asset for 58,500 in October 1990. He incurred enhancement expenditure of 10,000 in
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Jon bought a chargeable asset for £58,500 in October 1990. He incurred enhancement expenditure of £10,000 in December 1993 and a further £4,000 in July 2009. The asset was sold for £185,000 in February 2023.
(a) Compute the chargeable gain.
(b) Now re-compute the gain, assuming that the person who bought the asset from Jon in February 2023 was his civil partner (who lives with him).
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