Home For AAT student members AQ 2013 AAT Level 4 (Level 8 in Scotland)

Personal tax task 1.9b

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Joyce bought asset in 2002 for £105,000 and sold it November 2015 for £148600. She paid auctioneer commission of 7.5% when she bought asset and auctioneers fees of 10% on the sale value of asset. What is gain arising from disposal of asset. The answer is £20865. Thank you

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