question archive Roger bought a non-exempt fixed asset for use in his business in August 2000 for £1,700 and sold it in June 2020 for £5,000
Roger bought a non-exempt fixed asset for use in his business in August 2000 for £1,700 and sold it in June 2020 for £5,000
Subject:FinancePrice: Bought3
Roger bought a non-exempt fixed asset for use in his business in August 2000 for £1,700 and sold it in June 2020 for £5,000. What is the chargeable gain (or loss) and how is it going to be applied?
