You should assume that today’s date is 1 March 2013.

(b) Aom is in business as a sole trader. On 3 February 2013, she purchased a freehold factory for £168,000. Aom also owns two freehold warehouses, and wants to sell one of these during March 2013. The first warehouse was purchased on 20 March 2009 for £184,000, and can be sold for £213,000. The second warehouse was purchased on 18 July 2002 for £113,000, and can be sold for £180,000.

All of the above buildings have been, or will be, used for business purposes by Aom. She will make a claim to roll over the gain on whichever warehouse is sold against the cost of the factory.

Required:
Calculate the chargeable gain, if any, that will arise in the tax year 2012–13 if either (1) the first or (2) the second freehold warehouse is sold during March 2013. (5 marks)