Yvonne made the following acquisitions of ordinary shares in Ranghi plc: In January 2021, the company made
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Yvonne made the following acquisitions of ordinary shares in Ranghi plc:
In January 2021, the company made a 1 for 5 rights issue at £1 per share and Yvonne decided to buy the shares which she was offered. In March 2022, she sold one-half of her shares in the company for £1.80 per share. Calculate the chargeable gain arising in March 2022, given that no further shares were acquired within the following 30 days.
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Date 30 September 2009 1 December 2013 No of shares 2,000 3,000 Cost 1,200 3,600
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In order to calculate the capital gain for the shares sold by Yvonne we need to determine the cost basis for the shares she sold in March 2022 and the...View the full answer
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