18.7 Katherine acquired a 40-year lease on a property on 31 August 1991 for 25,000. On 31...

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18.7 Katherine acquired a 40-year lease on a property on 31 August 1991 for £25,000. On 31 August 2009 she assigned the lease to a third party for £32,500. The property was never Katherine's residence. Compute the chargeable gain.

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Taxation

ISBN: 978-0273730156

15th Edition

Authors: Alan Melville

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Question Posted: Jul 15, 2024 01:08 AM

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18.7 Katherine acquired a 40-year lease on a property on 31 August 1991 for 25,000. On 31...

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Taxation

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