In September 2014, Gloria acquired 1,000 ordinary shares in a listed company for 7,000. Trading in the
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In September 2014, Gloria acquired 1,000 ordinary shares in a listed company for £7,000. Trading in the shares was suspended in December 2020 and Gloria claimed that the shares then had a negligible value of only 10p per share. This claim was accepted by HMRC. Compute the allowable loss.
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