Sherjeel made the following acquisitions of ordinary shares in Truculence plc: On 1 September 2016, the company

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Sherjeel made the following acquisitions of ordinary shares in Truculence plc:

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On 1 September 2016, the company made a 1 for 10 bonus issue. Calculate the chargeable gain arising on 1 March 2021 when Sherjeel sold 1,400 shares for £6 each, assuming that he made no further acquisitions within the next 30 days.

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 11, 2024 02:01 AM

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Sherjeel made the following acquisitions of ordinary shares in Truculence plc: On 1 September 2016, the company

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Date 27 September 2002 28 July 2004 3 February 2009 5 July 2013 Number of shares 1,200 800 500 300 Cost 3,600 2,800 2,000 1,500

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The disposal cannot be matched against acquisitions on the same day o...View the full answer

Taxation Finance Act 2020

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