A taxpayer makes the following acquisitions of preference shares in Muvex Ltd: No further shares are acquired

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

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No further shares are acquired during 2021 or 2022. How will the following disposals be matched against these acquisitions?

(a) 250 shares sold on 20 October 2021

(b) 420 shares sold on 12 November 2021

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Taxation Finance Act 2021

ISBN: 9781292406725

27th Edition

Authors: Alan Melville

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Question Posted: Feb 02, 2024 06:01 AM

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A taxpayer makes the following acquisitions of preference shares in Muvex Ltd: No further shares are acquired

Question:

Date 10 August 2021 20 October 2021 1 December 2021 No of shares purchased 1,000 200 150

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In order to determine how disposals of shares will be matched against acquisitions we need to apply the share matching rules that are commonly used in ...View the full answer

Taxation Finance Act 2021

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