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‘Nelson’ amended SEP/DEC 2019 in BPP Revision Kit

Forums › ACCA Forums › ACCA ATX Advanced Taxation Forums › ‘Nelson’ amended SEP/DEC 2019 in BPP Revision Kit

  • This topic has 0 replies, 1 voice, and was last updated 2 years ago by letty23.
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  • April 6, 2023 at 7:33 am #682264
    letty23
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    • Topics: 10
    • Replies: 8
    • ☆

    Can someone please help me with part 4 of this question.

    When calculating the chargeable gain for the sale of the house by Nelson, they have made this calculation:

    Chargeable gain = £450,000 – £390,000 = £60,000

    How did they calculate the £450,000?

    I cannot find it in the scenario.

    Thank you

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