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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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47-Abdullah owned 50 hectares of the land which originally £100,000 in April 2016. He sold 10 hectares of the land in the November 2019 for £25,000. The remaining 40 hectares were valued at £90,000 in November 2019. Calculate the chargeable gain on the disposal of the 10 hectares of the land in December 2019 as per UK tax laws.
O a. £3,461
O b. None of the options
O C. £0
O d. £21,739
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