Advanced personal taxation: calculate and explain the potential capital gains tax liability on the proposed disposal of Copy it.use 2020/21 rates to illustrate your answer.

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Advanced personal taxation

  1. Calculate and explain the potential capital gains tax liability on the proposed disposal of Copy It. Use 2020/21 rates to illustrate your answer.
  2. Prepare notes explaining the reliefs available to Mrs Porter for exempting/deferring the gain.