A company made the following acquisitions of ordinary shares in CDE plc: Date 1 June 1970 30
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A company made the following acquisitions of ordinary shares in CDE plc:
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Date 1 June 1970 30 October 1975 15 August 1981 No of shares 1,000 800 900 Cost 3,000 2,500 3,100 The shares had a market va lue of 1.80 per share on 31 March 1982 (RPI 79.44). The company made no further acquisitions and sold 750 of the shares on 18 January 2018 (RPI 275.3) for 9,500. Compute the chargeable gain.
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The sale of 750 shares on 18 January 2018 cannot be matched against any ...View the full answer
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