Sherjeel made the following acquisitions of ordinary shares in Truculence plc: On 1 September 2018, the company
Question:
Sherjeel made the following acquisitions of ordinary shares in Truculence plc:
On 1 September 2018, the company made a 1 for 10 bonus issue. Calculate the chargeable gain arising on 1 March 2024 when Sherjeel sold 1,400 shares for £6 each, assuming that he made no further acquisitions within the next 30 days.
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The disposal cannot be matched against acquisitions on the same day or within ...View the full answer
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