Albert and Victoria

On $12$ February $2023,$ Albert sold a house for $840,000,$ which he had owned individually. The house had been purchased on $12$ February $2006$ for $222,900.$ Throughout the period of ownership the house was occupied by Albert and his wife, Victoria, as their main residence. One$-$quarter of the house was always used exclusively for business purposes by the couple.

For the tax year $2022-23$ Albert is a higher rate taxpayer and did not make any other disposals of assets.