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An asset was loaned to an employee on 6 April 2021 when its market value was £12...
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An asset was loaned to an employee on 6 April 2021 when its market value was £12,000. The asset was used by the employee for private purposes until 6 April 2023 when it was sold to the employee for £1,500. Its market value on that date was £8,000.
What is the benefit arising in 2023/24?
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