Simon Lid sold a three acre plot of land for 35,000 in April...
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Simon Lid sold a three acre plot of land for 35,000 in April 2020. This was part of a six acre plot that was bought for 100,000 in August 2000 . The three acres that were retained were valued at 45,000 at the time of the sale. The indexation factor from August 2000 to December 2017 was 0.631. Calculate corporate chargeable gain on this disposal. Question 2 Saint Ltd sold a painting for 18,000 in April 2020. This was bought for 7,500 in August 2000 . It was professionally restored costing 3,000 in April 2020, just before the sale. The indexation factor from August 2000 to December 2017 was 0.631. Calculate corporate chargeable gain on this disposal
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