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16-10. (Calculating taxes on a stock repurchase) The UK tax system provides an 11,100 tax-free allowance on capital gains. Boris Cameron bought 3,000 shares of
16-10. (Calculating taxes on a stock repurchase) The UK tax system provides an 11,100 tax-free allowance on capital gains. Boris Cameron bought 3,000 shares of Primrose PLC at 12 per share and sold them after six months at 20 per share. What will be the final profit if Boris has an applicable rate of 20 percent of capital gains tax (CGT) over his allowance for capital gains?
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Financial Management For Decision Makers
Authors: Peter Atrill
8th Edition
129213433X, 978-1292134338
