In March 2013, Sean acquired a pair of matching antique silver candlesticks at a cost of 4,000.
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In March 2013, Sean acquired a pair of matching antique silver candlesticks at a cost of £4,000. In August 2020 he sold one of the candlesticks to James for £6,750. At that time the other candlestick was valued at £5,750. In September 2020 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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Chargeable gain on two antique silver candlesticks Scenario a James and Julia are unconnected Gain o...View the full answer
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