Susan made the following purchases of ordinary shares in Semicycle plc: Date No of shares Cost
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Susan made the following purchases of ordinary shares in Semicycle plc:
Date No of shares Cost
£
11 January 2013 1,500 4,800 20 January 2019 1,140 5,700 In January 2023, the company went into liquidation and Susan received a first distribution of £2 per share. The market value of an ordinary share in Semicycle plc just after this distribution was £1. Compute the allowable loss arising in January 2023.
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