19.5 Yvonne made the following acquisitions of ordinary shares in Rectangle plc: Date No of shares Cost

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19.5 Yvonne made the following acquisitions of ordinary shares in Rectangle plc:

Date No of shares Cost

£

30 September 1999 2,000 1,200 1 December 2003 3,000 3,600 In January 2010, 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 2010, she sold one-half of her shares in the company for £1.80 per share. Calculate the chargeable gain arising in March 2010, given that no further shares were acquired within the following 30 days.

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Taxation

ISBN: 978-0273730156

15th Edition

Authors: Alan Melville

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