(b) Advise on the capital gains implications should Trent Limited’s old building be sold a

This gives a higher post-entry loss of ￡50,000 (150,000 – 100,000) and so it is advisable for Trent Limited to makethis election.The ￡100,000 of pre-entry losses are still available, but can only be set against gains on assets which:(i) Trent Limited sold