*20.10 Susan made the following purchases of ordinary shares in Semicycle pic;

Date No ofshares Cost

£

11 January 2007 1,500 4,800 20 January 2014 1,140 5,700 In January 2017, the company went into liquidation and Susan received a first distribution of £2 per share. The market value of an ordinary share in Semicycle pic just after this distribution was £1. Compute the allowable loss arising in January 2017.