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Antique carpet On 8 February 2023 , an antique carpet owned by Woo was destroyed in a fire. The carpet had been purchased on 9
Antique carpet On 8 February 2023 , an antique carpet owned by Woo was destroyed in a fire. The carpet had been purchased on 9 April 1999 for 19,200. Woo received insurance proceeds of 32,700 on 14 March 2023, and on 18 March 2023 she purchased a replacement antique carpet for 28,400. Woo has made a claim to rollover the gain arising from the receipt of the insurance proceeds. What is Woo's chargeable gain as a result of the receipt of the insurance proceeds for the destroyed antique carpet? o 4,300 9,200 13,500
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