In March 2014, Sean acquired a pair of matching antique silver candlesticks at a cost of 4,000.

Question:

In March 2014, Sean acquired a pair of matching antique silver candlesticks at a cost of £4,000. In August 2021 he sold one of the candlesticks to James for £6,750. At that time the other candlestick was valued at £5,750. In September 2021 he sold the other candlestick to Julia for £5,800. Calculate the chargeable gain arising on these two disposals if: 

(a) James and Julia are unconnected. 

(b) James and Julia are a married couple.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question
Question Posted: