In August 2011, Jim acquired a 99-year lease on a fl at for 170,000. In August 2017,

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In August 2011, Jim acquired a 99-year lease on a fl at for £170,000. In August 2017, he assigned the lease to Shirley for £212,000. The flat was never Jim's residence. Compute the chargeable gain.

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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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In August 2011, Jim acquired a 99-year lease on a fl at for 170,000. In August 2017,

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The chargeable gain is simply 42000 212000 170000 The fact that the le ase is s...View the full answer

Taxation Finance Act 2017

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