Peter buys a chargeable asset for 26,000 in May 2012. He sells a one-quarter interest in the
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Peter buys a chargeable asset for £26,000 in May 2012. He sells a one-quarter interest in the asset for £12,000 in August 2020, incurring incidental costs of disposal of £500. The value of the other three-quarters interest in the asset in August 2020 is £40,000. Calculate the chargeable gain.
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Sale proceeds Less Incidental costs of disposal Less Part cost ...View the full answer
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