19.1 A taxpayer makes the following acquisitions of preference shares in Mauve Ltd: Date No of shares

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19.1 A taxpayer makes the following acquisitions of preference shares in Mauve Ltd:

Date No of shares purchased 10 August 2009 1,000 20 October 2009 200 1 December 2009 150 No further shares are acquired during 2009 or 2010. How will the following disposals be matched against these acquisitions?

(a) 250 shares sold on 20 October 2009

(b) 420 shares sold on 12 November 2009

(c) 300 shares sold on 1 April 2010.

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Taxation

ISBN: 978-0273730156

15th Edition

Authors: Alan Melville

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