Jeffrey acquired a freehold property in October 2012 for 299,000. In July 2020 he granted Jill a
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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 was £200,000. The property was never Jeffrey's residence. Compute the chargeable gain, given that the lease granted to Jill was of duration:
(a) 99 years
(b) 40 years.
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a This is a part disposal with A 260000 and B 200000 The computation is as ...View the full answer
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