On 1 April 1989, Allan bought a house for 29,000. He lived in the house until 31
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On 1 April 1989, Allan bought a house for £29,000. He lived in the house until 31 October 2018 when he bought another house and made this his principal private residence. The house he had bought in April 1989 was eventually sold on 31 January 2021 for £145,000.
Compute the chargeable gain.
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In examples of this type it is necessary first to calculate the gain ...View the full answer
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