*20.8 Suzanne acquired the following ordinary shares in Quarine pic:

Date No ofshares Cost

£

2 October 1979 200

.t 600 10 January 1981 150 500 5 December 2001 400 1,420 8 November 2008 250 1,160 24 July 2016 300 1,400 10 August 2016 400 2,500 20 August 2016 350 2,600 31 August 2016 500 2,400 She made no further acquisitions. The shares were valued at £3.20 each on 31 March 1982. On 24 July 2016, Suzanne sold 1,200 shares for £7 per share. Compute the chargeable gain or allowable loss arising on this disposal.