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Question 7 Carl made the following disposals of chargeable assets: a) 1,200 shares in Mouse Ltd. The shares were sold on 13 April 2020 for
Question 7 Carl made the following disposals of chargeable assets: a) 1,200 shares in Mouse Ltd. The shares were sold on 13 April 2020 for 31 per share. The shares were acquired as follows: 13 January 1995 Bought 900 shares 9,900 24 November 2000 Bought 300 shares 4,500 10 April 2020 Bought 600 shares 18,000 On 1 April 2010, Mouse Ltd made a 1 for 6 bonus issue. b) office building sold for 810,000 on 30 June 2020. The office building was bought for 82,000 on 16 April 1979. Market value of the building on 31 March 1982 was 135,000. c) 30% interest in a chargeable asset, which he acquired for 52,000. He made the disposal on 17 October 2020 and received 40,000 for the 30% interest. The Market Value on the asset on 17 October 2020 was 86,000. He incurred incidental costs of disposal of 350. d) antique painting. He bought it for 300 on 31 January 1999 and sold it on 18 September 2020. He sold it on an auction and received 10,560. The auctioneers fee was 12% of hammer price which was deducted before transferring the balance to Carl's bank account. Required: Calculate the chargeable gains
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