A company bought a chargeable asset in November 2000 for 15,000. Enhancement expenditure was 2,000 in January
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A company bought a chargeable asset in November 2000 for £15,000. Enhancement expenditure was £2,000 in January 2002, £3,000 in June 2006 and £4,500 in September 2018. The asset was sold in February 2021 for £48,000. RPIs are as follows:
Compute the chargeable gain.
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Sale proceeds Less Acquisition cost Enhancement expenditure 2000 3000 4500 Unindexed gain Less Index...View the full answer
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