Hugo is keen to realize some cash to improve his house by disposing of one of his capital assets in the tax year 2023-24, but he wants to avoid any capital gains tax liability. He is unsure which of his assets to sell. Which of the following assets would not result in a chargeable gain being realized?
- Preference shares sold for £5,900, which were bought for £500
- A speedboat sold for £20,000, which was bought for £15,000
- A holiday apartment sold for £120,000, which was bought for £110,000
- An antique statue sold for £12,000, which was bought for £4,000