Salman sold the antique table which had cost £3,500 in January 2013 and sold for £5,500 in December 2019. Which one of the following is net chargeable gains or losses for the tax year 2019/20, as per UK tax laws? O a. £2,000 O b. £6,000 O C. £0 O d. £5,500

Salman sold the antique table which had cost £3,500 in January 2013 and sold for £5,500 in December 2019. Which one of the following is net chargeable gains or losses for the tax year 2019/20, as per UK tax laws? O a. £2,000 O b. £6,000 O C. £0 O d. £5,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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39-Salman sold the antique table which had cost £3,500 in January 2013 and sold for £5,500 in December 2019. Which one of the following is net chargeable gains or losses for the tax year 2019/20, as per UK tax laws? O a. £2,000 O b. £6,000 O C. £0 O d. £5,500

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