In January 2019 Katrina buys an item of movable plant and machinery for use in her business.
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In January 2019 Katrina buys an item of movable plant and machinery for use in her business. The plant costs her £50,000 and capital allowances are claimed. Compute the chargeable gain arising in March 2022 when she sells the plant, assuming that sale proceeds are:
(a) £65,000
(b) £38,000.
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