*18.8 In March 2002, Sean acquired a pair of matching antique silver candlesticks at a cost of...

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*18.8 In March 2002, Sean acquired a pair of matching antique silver candlesticks at a cost of

£4,000. In August 2009 he sold one of the candlesticks to James for £6,750. At that time the other candlestick was valued at £5,750. In September 2009 he sold the other candlestick to Julia for £5,800. Calculate the chargeable gain arising on these two disposals if:

(a) James and Julia are unconnected.

(b) James and Julia are a married couple.

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Taxation

ISBN: 978-0273730156

15th Edition

Authors: Alan Melville

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