On 31 March 2001, Estelle acquired a patent with a 42-year life at a cost of 21,000.

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On 31 March 2001, Estelle acquired a patent with a 42-year life at a cost of £21,000. She sold the patent on 31 March 2024 for £73,000. 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 31 March 2001, Estelle acquired a patent with a 42-year life at a cost of 21,000.

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Taxation Finance Act 2023

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