Yvonne made the following acquisitions of ordinary shares in Ranghi plc: In January 2020, the company made
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Yvonne made the following acquisitions of ordinary shares in Ranghi plc:
In January 2020, the company made a 1 for 5 rights issue at £1 per share and Yvonne decided to buy the shares which she was offered. In March 2021, she sold one-half of her shares in the company for £1.80 per share. Calculate the chargeable gain arising in March 2021, given that no further shares were acquired within the following 30 days.
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There were no acquisitions on the same day as the disposal o...View the full answer
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