In August 2014, Jim acquired a 99-year lease on a flat for 170,000. In August 2020, he

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In August 2014, Jim acquired a 99-year lease on a flat for £170,000. In August 2020, he assigned the lease to Shirley for £212,000. The flat was never Jim's residence. Compute the chargeable gain.

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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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In August 2014, Jim acquired a 99-year lease on a flat for 170,000. In August 2020, he

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The chargeable gain in this case is simply 42000 212000 170000 The fact that the l...View the full answer

Taxation Finance Act 2020

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