23 Peter Robinson Peter Robinson made the following disposals of assets during the tax year 2013/14.

23 Peter Robinson Peter Robinson made the following disposals of assets during the tax year 2013/14.

Peter Robinson made the following disposals of assets during the tax year 2013/14.

30 June 2013

Investment property for £150,000 less costs of disposal £1,280. Acquired for £79,000.

27 July 2013

Part of a plot of land. The proceeds of sale were £35,000. The costs of disposal were £700. The original cost of the land was £54,000. The remainder of the land is worth £70,000.

1 September 2013

23 Peter Robinson Peter Robinson made the following disposals of assets during the tax year 2013/14.

A vase which was destroyed. It cost £12,000. Compensation of £20,000 was received on 30 September 2013. Peter bought a new vase as a replacement for £17,000 on 21 December 2013.

Peter had taxable income of £27,610 in 2013/14.

Required

Calculate Peter’s capital gains tax payable for the year 2013/14.

 

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