(b) Mr Tembo has shares in XYZ Limited, a company not listed on LuSE. He bought 500,000 shares in 2010 for K2,000,000. He has disposed off 300,000 shares for K3,000,000.

Required:

1. Calculate the PTT assessable on Mr Tembo.
2. How do you explain the realisable value of Shares on disposal regarding assessibility to Property Transfer Tax

(b) Mr Tembo has shares in XYZ Limited, a company not listed on LuSE. He bought 500,000 shares in 2010 for K2,000,000. He has disposed off 300,000 shares for K3,000,000.

Required:

1. Calculate the PTT assessable on Mr Tembo.
2. How do you explain the realisable value of Shares on disposal regarding assessibility to Property Transfer Tax