Saeed made the following purchases of ordinary shares in Hyban plc: In June 2017, the company made

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Saeed made the following purchases of ordinary shares in Hyban plc:

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In June 2017, the company made a 1 for 20 rights issue at £1.50 per share and Saeed took up the shares which he was offered.

Calculate the chargeable gain arising in November 2021, when Saeed sold 1,260 shares at £3 each. Assume that no further shares were acquired within the following 30 days.

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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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Saeed made the following purchases of ordinary shares in Hyban plc: In June 2017, the company made

Question:

Date 24 August 1990 25 November 1995 26 February 2001 11 October 2010 No of shares 800 1,200 1,600 400 Cost 960 1,440 2,400 800

Step by Step Answer:

To calculate the chargeable gain when Saeed sold 1260 shares in November 2021 we need to follow several steps including determining the total number o...View the full answer

Taxation Finance Act 2021

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