In May 2009, Edward paid 350,000 to buy a 20 -year lease on a flat. In November
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In May 2009, Edward paid £350,000 to buy a 20 -year lease on a flat. In November 2017 he granted a 5 -year sub-lease on the flat to Petronella for £150,000. The flat was never Edward's principal private residence. Compute the chargeable gain.
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