In October 2014, Jackie bought a chattel for 3,500. In October 2020 she sells a one-third interest
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In October 2014, Jackie bought a chattel for £3,500. In October 2020 she sells a one-third interest in this chattel for £2,000. Compute the chargeable gain if the market value of the remaining two-thirds interest in October 2020 is:
(a) £4,000
(b) £5,000.
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a The value of the whole chattel on the date of the part disposal is 600...View the full answer
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