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Azza sold a chargeable asset for GBP 998000 in September 2019, the purchase price of the same being GBP 700,000, incidental expenses amounting to GBP
Azza sold a chargeable asset for GBP 998000 in September 2019, the purchase price of the same being GBP 700,000, incidental expenses amounting to GBP 15420 on the same. It was purchased in April 2005. She sold a commercial property in November 2019 for GBP 430000 and incurred legal fees of GBP 18000 on it. The said commercial property was purchased for GBP 300000 in January 2004. She sold her car in Dec 2019 for GBP 5000 which was purchased for GBP 9000 in June 2012. She sold antique vase in Dec 2019 for GBP 18000 which costed her GBP 27000 in January 2017. She bought forward capital losses amounting to GBP 9000 from the previous tax years which were still not adjusted. Her total taxable income for 2019/2020 was GBP 50000. Calculate the capital gain tax for Azza
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