On 1 May 2015, Edward paid 350,000 to buy a 20-year lease on a flat. On 1

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On 1 May 2015, Edward paid £350,000 to buy a 20-year lease on a flat. On 1 November 2023 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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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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On 1 May 2015, Edward paid 350,000 to buy a 20-year lease on a flat. On 1

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To compute the chargeable gain from the grant of the sublease we need to consider the following 1 De...View the full answer

Taxation Finance Act 2023

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