Saeed made the following purchases of ordinary shares in Hyban plc: In June 2017, the company made
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Saeed made the following purchases of ordinary shares in Hyban plc:
In June 2017, the company made a 1 for 20 rights issue at £1.50 per share and Saeed took up the shares which he was offered.
Calculate the chargeable gain arising in November 2020, when Saeed sold 1,260 shares at £3 each. Assume that no further shares were acquired within the following 30 days.
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Date 24 August 1990 25 November 1995 26 February 2001 11 October 2010 No of shares 800 1,200 1,600 400 Cost 960 1,440 2,400 800
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To calculate the chargeable gain on the sale of Saeeds shares we need to identify which shares were sold and at what cost based on the UKs Share Match...View the full answer
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