Reinvesting in depreciating asset

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December 1, 2016 at 9:34 am #352822
Arnob Gomes
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Chapter 14 example 6
What should we do with chargeable gain of 40,000 arising after selling the depreciating asset…
Please explain I’ve watched your lectures but still in confusion.
December 4, 2016 at 11:27 am #353666
Tax Tutor
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Computing gains or losses on disposal of leases is not in your syllabus – hence not discussed – but in this example in real life there would be a further gain of 40,000 to be assessed
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