Samantha bought a house for 47,500 on 1 August 2001 and occupied the house as her principal

Question:

Samantha bought a house for £47,500 on 1 August 2001 and occupied the house as her principal private residence. On 1 June 2003 she began to use one-fifth of the house for business purposes. Unfortunately her business eventually failed and on 1 June 2010 she ceased trading. From that date onwards she resided in the entire house until it was sold on 1 August 2022 for £165,000. Compute the chargeable gain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: