Question
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
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:
Calculate the PTT assessable on Mr. Tembo.
How do you explain the realisable value of Shares on disposal regarding assessibility to Property Transfer Tax.
Step by Step Solution
3.41 Rating (164 Votes )
There are 3 Steps involved in it
Step: 1
The P TT assess able on Mr Tem bo is K 30 000 This can be calcula...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting Theory
Authors: William R. Scott
7th edition
132984660, 978-0132984669
