Alan bought a chargeable asset for 2,000 in April 1978. The asset was sold for 29,500 in

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Alan bought a chargeable asset for £2,000 in April 1978. The asset was sold for £29,500 in January 2021. Compute the chargeable gain arising on this disposal if the asset's market value on 31 March 1982 was:

(a) £14,200

(b) £500

(c) £32,000

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 11, 2024 02:01 AM

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Alan bought a chargeable asset for 2,000 in April 1978. The asset was sold for 29,500 in

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a The original cost of this asset is irrelevant and the gain or loss is c...View the full answer

Taxation Finance Act 2020

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