Laura sold her restaurant in June 2020 for 1,000,000, having agreed the following valuations with the buyer
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Laura sold her restaurant in June 2020 for £1,000,000, having agreed the following valuations with the buyer
| Value | Original cost | |
| £ | £ | |
| Premises | 500,000 | 260,000 |
| Production Equipment | 90,000 | 170,000 |
| Net current assets | 100,000 | 100,000 |
| Goodwill | 310,000 | - |
| 1,000,000 | 530,000 |
She also sold a buy-to-let property to her brother, for £100,000, in January 2020 when the market value was £245,000. She had bought the asset in June 2013 for £80,000. She had no other income or gains in 2020/21
Calculate Laura's CGT liability for 2020/21, assuming she has never claimed BADR and will claim it, if possible.
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