Hello Ma'am,
Could you please check the answer of Example 1 from Chapter 18, UK TX FA-2023 again because I am bit confuse regarding new rules?
In the calculation, it was multiplying the (cost * 1.706) as it was already deducted the cost before, so it should multiply (cost *0.706) which is the excess of index cost.
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Corporation tax chapter 18 Example 1
First you dedcut the cost/enhancement from the sales proceeds and THEn you dedcut the Indexation allowances using the dates in the question to calcultae it
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