Sandra acquired the following ordinary shares in Pincer plc: On 26 June 2021, Sandra sold 700 of
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Sandra acquired the following ordinary shares in Pincer plc:
On 26 June 2021, Sandra sold 700 of her shares in Pincer plc. Assuming that she acquired no further shares in the company during 2021, calculate the chargeable gain or allowable loss if her sale proceeds in June 2021 were:
(a) £8,400
(b) £6,300
(c) £5,200.
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To calculate the chargeable gain or allowable loss we need to determine the base cost of the shares Sandra sold In the UK HM Revenue Customs HMRC has ...View the full answer
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