Jeffrey acquired a freehold property in October 2015 for 299,000. In July 2023 he granted Jill a

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Jeffrey acquired a freehold property in October 2015 for £299,000. In July 2023 he granted Jill a lease on the property for

£260,000. The market value of the freehold after the lease had been granted was £200,000. The property was never Jeffrey's residence. Compute the chargeable gain, given that the lease granted to Jill was of duration:

(a) 99 years

(b) 40 years.

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Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 02, 2024 10:01 AM

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Jeffrey acquired a freehold property in October 2015 for 299,000. In July 2023 he granted Jill a

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a This is a part disposal with A 260000 and B 200000 T...View the full answer

Taxation Finance Act 2023

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