In September 2014, Joanna acquired a 15-year lease on a property for 45,000. In September 2020 she
Question:
In September 2014, Joanna acquired a 15-year lease on a property for £45,000. In September 2020 she granted a four-year sub-lease to Dean for £20,000. The property was never Joanna's residence. Compute the chargeable gain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The computation of the chargeable gain is as follows Sa...View the full answer
Answered By
Shubhradeep Maity
I am an experienced and talented freelance writer passionate about creating high-quality content. I have over five years of experience working in the field and have collaborated with several renowned companies and clients in the SaaS industry.
At Herman LLC, an online collective of writers, I generated 1,000+ views on my content and created journal content for 100+ clients on finance topics. My efforts led to a 60% increase in customer engagement for finance clients through revamping website pages and email interaction.
Previously, at Gerhold, a data management platform using blockchain, I wrote and published over 50 articles on topics such as Business Finance, Scalability, and Financial Security. I managed four writing projects concurrently and increased the average salary per page from $4 to $7 in three months.
In my previous role at Bernier, I created content for 40+ clients within the finance industry, increasing sales by up to 40%.
I am an accomplished writer with a track record of delivering high-quality content on time and within budget. I am dedicated to helping my clients achieve their goals and providing exceptional results.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In September 2011 , Joanna acquired a 15 -year lease on a property for 45,000. In September 2017 she granted a four-year sub-lease to Dean for 20,000. The property was never Joanna's residence....
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
Smart housing Inc. is negotiating a deal to build a house. The owner wants to start in early spring when the weather begins to moderate and build through the summer into the fall. The completion time...
-
Define and explain the Cyber Crime.
-
Do you think you smell? Refer to the Depression and Anxiety (June 2010) study of patients who suffer from olfactory reference syndrome (ORS), Exercise 7.72 (p. 372). Recall that psychiatrists...
-
E14.2. An SF3 Forecast and a Simple Valuation (Easy) An analyst prepares the following reformulated balance sheet (in millions of dollars): Net operating assets Net financial obligations Common...
-
CbSSports.com developed the Total Player Ratings system to rate players in the National basketball Association (NbA) based upon various offensive and defensive statistics. The following data show the...
-
The beta of Ricci Co.'s stock is 1.2, whereas the risk-free rate of return is 8 percent. If the expected return on the market is 16 percent, then what is the expected return on Ricci Co
-
In October 2020 Keith sells an antique cabinet for 7,200. He incurs incidental costs of disposal amounting to 200. The cabinet cost Keith 2,300 in July 2012. Compute the chargeable gain.
-
Jeffrey acquired a freehold property in October 2012 for 299,000. In July 2020 he granted Jill a lease on the property for 260,000. The market value of the freehold after the lease had been granted...
-
a. Show that the area A n of an n-sided regular polygon in a circle of radius r is b. Find the limit of A n as n. Is this answer consistent with what you know about the area of a circle? A || nr -...
-
Units processed during September for material and conversion. Ask an instructor lock lock lock A 3 A copy Determine the cost per equivalent unit for material and conversion cost combined. copy...
-
12% of all college students volunteer their time. Is the percentage of college students who are volunteers different for students receiving financial aid? Of the 338 randomly selected students who...
-
Mervon Company has two operating departments: mixing and bottling. Mixing has 3 3 0 employees and Bottling has 2 2 0 employees. Indirect factory costs include administrative costs of $ 1 8 2 , 0 0 0...
-
XP Ltd. is a manufacturing company with high stock requirements. Management are currently considering their stockholding policy. The following information is available for one stock item, material...
-
Process Costing: weighted average method Required: make a cost of production report in good form. Cost of Production Report-Weighted Average First Dept- Gem Company applies 100% of materials at the...
-
What is a functional area information system? List its major characteristics.
-
Provide an example of an aggressive accounting practice. Why is this practice aggressive?
-
In 2017-18, George is provided with a petrol -engined motor car by his employer who pays for all fuel and other running costs. The car had a list price when new of 27,900 and has an emission rating...
-
Brenda is a company director and earns a regular monthly salary of 6,000. In December 2017 she received a 20,000 bonus. She is provided with a diesel -engined company car which has an emission rating...
-
Calculate the amount of CGT payable for 2017-18 by each of the following individuals. In each case, "taxable income" comprises the individual's total income, less reliefs which may be deducted from...
-
thumbs up if correct A stock paying no dividends is priced at $154. Over the next 3-months you expect the stock torpeither be up 10% or down 10%. The risk-free rate is 1% per annum compounded...
-
Question 17 2 pts Activities between affiliated entities, such as a company and its management, must be disclosed in the financial statements of a corporation as O significant relationships O segment...
-
Marchetti Company, a U.S.-based importer of wines and spirits, placed an order with a French supplier for 1,000 cases of wine at a price of 200 euros per case. The total purchase price is 200,000...
Study smarter with the SolutionInn App