Alistair bought a house on 1 April 2000 for 125,000 and occupied the entire house as his
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Alistair bought a house on 1 April 2000 for £125,000 and occupied the entire house as his principal private residence until 1 November 2008. As from that date, he rented out two rooms (comprising one-third of the house) to tenants and retained the remainder of the house as his own residence. This arrangement continued until 1 October 2020 when he sold the house for £615,000. Compute the chargeable gain.
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Sale proceeds Less Original cost Chargeable gain before PPR exemption Alist...View the full answer
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