(a) A chargeable asset was bought in June 2013 for £41,200 and sold in August 2017 for £73,350. Compute the chargeable gain.

(b) A chargeable asset was bought for £15,000 in August 2008. Legal costs of £500 were incurred when the asset was acquired. The owner of the asset incurred enhancement expenditure of £2,000 in May 2009 and £3,000 in June 2014 . The asset was sold in July 2017 for £28,000. Legal costs of £700 were incurred on the sale. Compute the chargeable gain.

(c) A taxpayer bought a chargeable as set for £40,000 in February 2010. The asset was sold for £30,000 in October 2017. Compute the chargeable gain or allowable loss if:

(i) the asset was sold in an arm's length transaction (ii) the asset was sold to the taxpayer's brother and had a market value of £45,0 00 on the date of the sale (iii) the asset was sold to the taxpayer's wife and had a market value of £45,000 on the date of the sale.