A company makes the following acquisitions of ordinary shares in JKL plc: The company sells 500 shares

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A company makes the following acquisitions of ordinary shares in JKL plc:

The company sells 500 shares on 8 July 2023.

(a) Calculate the cost and indexed cost of the s104 holding on 8 July 2023, just prior to and just after the above disposal.

(RPI for April 1985 is 94.78 and RPI for December 2017 is 278.1).

(b) Compute the chargeable gain or allowable loss on the disposal if sale proceeds are:

(i) £2,800

(ii) £1,000

(iii) £700

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Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 03, 2024 02:02 AM

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A company makes the following acquisitions of ordinary shares in JKL plc: The company sells 500 shares

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a The cost and the indexed cost of the s104 holding on 8 July 2022 are calculated as follows Notes 1 ...View the full answer

Taxation Finance Act 2023

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