A taxpayer makes the following acquisitions of preference shares in Muvex Ltd: Date 10 August 2017 20
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A taxpayer makes the following acquisitions of preference shares in Muvex Ltd:
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Date 10 August 2017 20 October 2017 1 December 2017 No of shares purchased 1,000 200 150 No further shares are acquired during 2017 or 2018. How will the following disposals be matched against these acquisitions? (a) 250 shares sold on 20 October 2017 (b) 420 shares sold on 12 November 2017 (c) 300 shares sold on 1 April 2018.
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The matching of disposals to acquisitions for tax purposes usually follows a specific set of rules While the precise rules can differ depending on the ...View the full answer
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