CGT on Land
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Sophljon
Registered Posts: 8
in Personal Tax
Jim bought a small piece of land 5 years ago for £15,000. Jim sold the lad to his father for £4,000. At the time of the sale it was worth £17,500
Please can someone help?
Please can someone help?
0
Comments
-
As Jim's father is a connected person, the market value is used instead of the sale price.1
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