Calculate the chargeable gain arising on the disposal described in the above example. RPIs are 79.44 for

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Calculate the chargeable gain arising on the disposal described in the above example. RPIs are 79.44 for March 1982 and 278.1 for December 2017.

Data from Above example.

A company acquired a chargeable asset for £2,000 in April 1980 and sold the asset for £22,500 in September 2020. Compute the unindexed gain arising on this disposal if the market value of the asset at 31 March 1982 was:

(a) £4,200

(b) £500

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 11, 2024 02:00 AM

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Calculate the chargeable gain arising on the disposal described in the above example. RPIs are 79.44 for

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a b Sale proceeds Less Original cost Market value 31382 Unindex...View the full answer

Taxation Finance Act 2020

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