In May 2013, Edward paid 350,000 to buy a 20-year lease on a flat. In November 2021
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In May 2013, Edward paid £350,000 to buy a 20-year lease on a flat. In November 2021 he granted a 5-year sub-lease on the flat to Petronella for £150,000. The flat was never Edward's principal private residence. Compute the chargeable gain.
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To compute the chargeable gain from Edwards sublease we have to calculate and subtract the cost of t...View the full answer
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Somshukla Chakraborty
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