Because the proceeds of 375,000 are net of selling expenses of 10,000. In more details, it means that gross proceeds were 385,000 minus selling expenses of 10,000 = 375,000.

As in the Question it is stated that £375,000 are net of selling expenses of £10,000. (i.e, In simple words £10,000 is already deducted And £375,000 is the amount derived after deducting £10,000.)

Ashley had 7,000 gains from other asset disposals in the year, and therefore the AEA was split (where 7,000 went against the other chargeable gains and 5,300 to the disposal of the shares)

Because the proceeds of 375,000 are net of selling expenses of 10,000. In more details, it means that gross proceeds were 385,000 minus selling expenses of 10,000 = 375,000.

As in the Question it is stated that £375,000 are net of selling expenses of £10,000. (i.e, In simple words £10,000 is already deducted And £375,000 is the amount derived after deducting £10,000.)

sugar1230 says

In Example 3 Ashley, why are selling expenses of 10000 ignored?

fatond says

Because the proceeds of 375,000 are net of selling expenses of 10,000.

In more details, it means that gross proceeds were 385,000 minus selling expenses of 10,000 = 375,000.

deepak@anand says

As in the Question it is stated that £375,000 are net of selling expenses of £10,000.

(i.e, In simple words £10,000 is already deducted And £375,000 is the amount derived after deducting £10,000.)

nataliaw says

Where did the 7000 come from in the last question of part 1?

iuly98 says

Ashley had 7,000 gains from other asset disposals in the year, and therefore the AEA was split (where 7,000 went against the other chargeable gains and 5,300 to the disposal of the shares)

deepak@anand says

As in the question it is given that she has other chargeable gain of £7000, so the AEA of £12,300 will split in £7,000 and £5,300.

Precious says

In Example 3 Ashley, why are selling expenses of 10000 ignored?

fatond says

Because the proceeds of 375,000 are net of selling expenses of 10,000.

In more details, it means that gross proceeds were 385,000 minus selling expenses of 10,000 = 375,000.

deepak@anand says

As in the Question it is stated that £375,000 are net of selling expenses of £10,000.

(i.e, In simple words £10,000 is already deducted And £375,000 is the amount derived after deducting £10,000.)