Andrew acquired a set of s ix dining chairs in Janua ry 2010 for 1,300. In March
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Andrew acquired a set of s ix dining chairs in Janua ry 2010 for £1,300. In March 2017 he sold three of the chairs to a friend for £5 ,200 (the other t hree chairs also being valued at £5,200 at that time). In August 2017 he sold the remaining chairs to the friend's brother for £5,300. Compute the chargeable gains arising on these disposals.
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If it were not for the rule introduced above neither o f these disposals would ...View the full answer
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