Andy bought 30 acres of land on 1 March 2014 for £300,000. On 1
January 2016, he sold 10 acres of the land for £150,000. At this
time the remaining land was worth £250,000. On 1 March 2021, Andy
sold the remaining acres for £425,600. Andy has no other capital
disposals during the tax year 2020/21. How much is Andy's
chargeable gain for the tax year 2020/21?
A £125,600
B £238, 100
C £313,100
D £225,600
Do not copy from answers and give complete answer with
explanation
Andy bought 30 acres of land on 1 March 2014 for £300,000. On 1 January 2016, he sold 10 acres of the land for £150,000.
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