words limit 1500 words and also do the rest of the criteria work

Word limit: 1,500 words 2. Learning Outcomes A1 resit will assess the following learning outcomes: . LO1: Demonstrate systematic and comprehensive knowledge of the UK tax system based by research LO2: Compute and critically explain the chargeable gains arising on individuals 3. Brief Nigel is a solicitor specialising in employment law and works for a large law firm based in London where he represents employers in litigation engagements. His annual salary is 130,000. He wishes to start to his own firm where he can specialise in representing employees. To raise the capital required to start his own firm, Nigel started divesting the assets listed below. Investment property Nigel is the owner of a freehold property in Chiswick which he rents out to a retailer. The property was given to him by Georgina (being Nigel's mother) in January 2019 for nil consideration. At the time of the transfer, the market value was 500,000 and it was agreed between them that any gain would be deferred for capital gains purposes. The property was originally acquired by Georgina in January 2000 for the purpose of carrying out her own business. It originally cost 150,000 plus stamp duty of 1%. The property was listed for sale via an estate agent with an asking price of 620,000, however it sold at auction for 600,000 in January 2021. Estate agent's commission was 2%. It is noted that the purchaser of the property was Nigel's brother. Word limit: 1,500 words 2. Learning Outcomes A1 resit will assess the following learning outcomes: . LO1: Demonstrate systematic and comprehensive knowledge of the UK tax system based by research LO2: Compute and critically explain the chargeable gains arising on individuals 3. Brief Nigel is a solicitor specialising in employment law and works for a large law firm based in London where he represents employers in litigation engagements. His annual salary is 130,000. He wishes to start to his own firm where he can specialise in representing employees. To raise the capital required to start his own firm, Nigel started divesting the assets listed below. Investment property Nigel is the owner of a freehold property in Chiswick which he rents out to a retailer. The property was given to him by Georgina (being Nigel's mother) in January 2019 for nil consideration. At the time of the transfer, the market value was 500,000 and it was agreed between them that any gain would be deferred for capital gains purposes. The property was originally acquired by Georgina in January 2000 for the purpose of carrying out her own business. It originally cost 150,000 plus stamp duty of 1%. The property was listed for sale via an estate agent with an asking price of 620,000, however it sold at auction for 600,000 in January 2021. Estate agent's commission was 2%. It is noted that the purchaser of the property was Nigel's brother