Alan bought a chargeable asset for 2,000 in April 1978 . The asset was sold for 29,500

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Alan bought a chargeable asset for £2,000 in April 1978 . The asset was sold for £29,500 in Janua ry 2018 . Compute the chargeable gain arising on this disposal if the asset's market value on 31 March 1982 was:

(a) £14,200

(b) £500

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Taxation Finance Act 2017

ISBN: 9781292200804

23rd Edition

Authors: Alan Melville

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Question Posted: Feb 07, 2024 08:40 AM

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Alan bought a chargeable asset for 2,000 in April 1978 . The asset was sold for 29,500

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a The original cost of this asset is irrelevant and the gain or loss is c...View the full answer

Taxation Finance Act 2017

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