Samantha bought a house for 47,500 on 1 August 1996 and occupied the house as her principal
Question:
Samantha bought a house for £47,500 on 1 August 1996 and occupied the house as her principal private residence. On 1 June 1998 she began to use one -fifth of the house for business purposes. Unfortunately her business eventually failed and on 1 June 2005 she ceased trading. From that date onwards she resided in the entire house until it was sold on 1 August 2017 for £165,000. Compute the chargeable gain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: