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On 23 May 2022, Del sold a freehold retail property for 150,000 which had cost 60,000 on 31 March 2008. On 2 February 2022,

On 23 May 2022, Del sold a freehold retail property for 150,000 which had cost 60,000 on 31 March 2008. On 2

On 23 May 2022, Del sold a freehold retail property for 150,000 which had cost 60,000 on 31 March 2008. On 2 February 2022, Del acquired another retail property for 140,000. The old and new property are both used in Del's trade. Calculate the chargeable gain after any available reliefs have been claimed, and the base cost of the replacement property.

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