On 1 June 2023, Shirley gives 5,000 shares in a listed company to her daughter. Shares in

Question:

On 1 June 2023, Shirley gives 5,000 shares in a listed company to her daughter. Shares in the company are quoted at 189p - 197p on that date, with recorded bargains at 190p, 192p and 196p. Calculate the market value of the shares for IHT purposes.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

See More Books

Question Posted: May 03, 2024 07:00 AM

See More Questions

On 1 June 2017, Shirley gives 5,000 shares in a listed company to her daughter. Shares in the company are quoted at 189p - 197p on that date, with recorded bargains at 190p, 192p and 196p. Calculate...
On 1 June 2020, Shirley gives 5,000 shares in a listed company to her daughter. Shares in the company are quoted at 189p - 197p on that date, with recorded bargains at 190p, 192p and 196p. Calculate...
You are a registered financial adviser and on 25 February 2021, one of your clients Susan Martin died at the age of 55. You are the executor and must calculate the estate duty liability of the...
Two basic assumptions of technical analysis are that security prices adjust: A. rapidly to new information and market prices are determined by the interaction of supply and demand. B. rapidly to new...
Refer to Vijay Company's data in QS 19-1. Compute its production cost per unit under variable costing. Direct materials.................................. $10 per unit Direct...
For the following exercises, solve the equations below and express the answer using set notation. |3x 2|= 7
The Troubled Asset Relief Program (TARP), passed by the U.S. Congress in October 2008, provided $700 billion in assistance for the struggling U.S. economy. Over $200 billion was given to troubled...
We noted in this chapter that foreign central banks, especially in Asia, accumulated large dollar foreign reserves after 2000. One persistent worry was that those central banks, fearing dollar...
5. Mahnoor Gandapur is the general manager of a Pakistani-themed restaurant located near the campus of a large state university. She used her old dish machine for as long as she could, but it is...
Roy owns 3,500 ordinary shares in an unlisted company which has an issued share capital of 10,000 ordinary shares. Roy's wife owns a further 1,600 shares. Shareholdings in the company are valued as...
Desmond died on 18 July 2020, having made no transfers in the previous seven years. He left his entire estate to his wife Emily, including the family home valued at 420,000. Emily died on 9 March...
I am confident that my skills will be used. 1 2 3 4 5 6 7 0 LO.1
A popular theory is that presidential candidates have an advantage if they are taller than their main opponents. Listed are heights (in centimeters) of randomly selected presidents along with the...
Cash Flows Horiz Analysis Horiz Analysis Vertic Analysis Vertic Analysis from Oper Inc St Bal St Inc St Bal Sheet Ratios Requirement Prepare the cash flows from operations section of R. Ashburn...
Rudy Gandolfi owns and operates Rudy's Furniture Emporium Incorporated. The balance sheet totals for assets, liabilities, and stockholders' equity at August 1, 2022, are as indicated. Described here...
The brand manager for a brand of toothpaste must plan a campaign designed to increase brand recognition. He wants to first determine the percentage of adults who have heard of the brand. How many...
Pulse rates of women are normally distributed with a mean of 77.5 beats per minute and a standard deviation of 11.6 beats per minute. Answer the following questions. What are the values of the mean...
Discuss the reasons estate planners cite for making lifetime gifts. How can gift giving be used to reduce estate shrinkage?
What is an access control list?
Exercise 1 4 - 7 A ( Algo ) Preparing an inventory purchases budget LO 1 4 - 3 Exercise 1 4 - 7 A ( Algo ) Preparing an inventory purchases budget LO 1 4 - 3 Rooney Company sells lamps and other...
How does a retail store typically create assets? Select an answer: by borrowing money from a bank by paying employees by buying inventory by selling inventory
Phone Corporation owns 80 percent of Smart Company's common stock, acquired at underlying book value on January 1, 20x4. At the acquisition date, the book values and fair values of Smart's assets and...

On 1 June 2023, Shirley gives 5,000 shares in a listed company to her daughter. Shares in

Question:

Step by Step Answer:

The quarterup rule gives 189p 14 197p 189p 191p The average of the highest and lowest recorded barga...View the full answer

Taxation Finance Act 2023

Students also viewed these Business questions