Dear Mrs. Andrews,
Thank you for your letter dated 21st October, 1981 enclosing Capital Gains Tax Assessment for the year ended 5th April, 1978 amounting £112.25.
You are correct in your presumption that the assessment relates to the sale of 20 Oakland Avenue, and we enclose with our letter the basis of the computation of the chargeable gain of £1,815. The sale proceeds of £3,500 (less associated costs of £287) is as per the completion statement of Tughan & Co., Solicitors dated 6th April, 1977. As Capital gains Tax was introduced with effect from 6th April, 1965, any gains arising before this date are exempt and thus the total chargeable gain of £1,815 is apportioned on a time basis to reflect the gain arising after 6th April, 1965.
We enclose herewith the Assessment which you forwarded to us. The tax should be paid on or before 18th November, 1981 in accordance with the payslip attached.
[Mr. Burnside was not employed by Jackson Andrews at this time having left on 28th February, 1981.]