In June 2015 Katie acquired a 5-year option to buy a piece of land. The option cost

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In June 2015 Katie acquired a 5-year option to buy a piece of land. The option cost her

£10,000. In June 2017 she sold the option for £8,000. Compute the chargeable gain.

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Taxation Finance Act 2017

ISBN: 9781292200804

23rd Edition

Authors: Alan Melville

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Question Posted: Feb 07, 2024 08:40 AM

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In June 2015 Katie acquired a 5-year option to buy a piece of land. The option cost

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The chargeable gain or capital gain is generally calculated as the differenc...View the full answer

Taxation Finance Act 2017

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