20.1 A taxpayer makes the following acquisitions of preference shares in Muvex Ltd: Date No ofshares purchased

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20.1 A taxpayer makes the following acquisitions of preference shares in Muvex Ltd:

Date No ofshares purchased 10 August 2016 1,000 20 October 2016 200 1 December 2016 150 No further shares are acquired during 2016 or 2017. How will the following disposals be matched against these acquisitions?

(a) 250 shares sold on 20 October 2016

(b) 420 shares sold on 12 November 2016

(c) 300 shares sold on I April 2017.

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