Compute the chargeable gains arising on Karen's two disposals
Chapter12: Nonrecognition Transactions
Section: Chapter Questions
Problem 50IIP
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Question
Karen bought a house in 1990 for £42,000. In November 1991 she spent £18,000 on dividing the house int o two self-contained flats. In September 2015 she sold one of the flats for £95,000, at which time the other flat was valued at £105,000. In January 2018 she sold the second flat for £110,000. Karen never lived in either of the flats.
Compute the chargeable gains arising on Karen's two disposals
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT