In October 2014, Jackie bought a chattel for 3,500. In October 2020 she sells a one-third interest

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In October 2014, Jackie bought a chattel for £3,500. In October 2020 she sells a one-third interest in this chattel for £2,000. Compute the chargeable gain if the market value of the remaining two-thirds interest in October 2020 is:

(a) £4,000

(b) £5,000.

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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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In October 2014, Jackie bought a chattel for 3,500. In October 2020 she sells a one-third interest

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a The value of the whole chattel on the date of the part disposal is 600...View the full answer

Taxation Finance Act 2020

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