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| Mr Ovett purchased a house in Truro on 5 October 1998 and sold it on 5 April 2013 making a gain of £290,000. On 5 January 2000 he had been sent to work in Edinburgh, and he did not return to his own house until 6 July 2009. The property was let out during his absence, and he lived in a flat provided for him by his employer. Required: What is the gain arising? |