Karen bought a house in 1993 for 42,000. In November 1994 she spent 18,000 on dividing the
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Karen bought a house in 1993 for £42,000. In November 1994 she spent £18,000 on dividing the house into two self-contained flats. In September 2018 she sold one of the flats for £95,000, at which time the other flat was valued at £105,000. In January 2021 she sold the second flat for £110,000. Karen never lived in either of the flats.
Compute the chargeable gains arising on Karen's two disposals.
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Calculating the chargeable gains on Karens two disposals involves determining the amount of profit s...View the full answer
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Gabriela Rosalía Castro
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