On 31 May 1993, Joan acquired a 45-year lease on a property for 135,000. On 31 May
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On 31 May 1993, Joan acquired a 45-year lease on a property for £135,000. On 31 May 2003, she incurred enhancement expenditure of £42,500. On 30 November 2023, she assigned the lease to Giles for £225,000. The property was never Joan's principal private residence. Compute the chargeable gain.
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The gain arising on the disposal is as follows Notes i When the lease was a...View the full answer
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