Susan made the following purchases of ordinary shares in Semicycle plc: In January 2024, the company went
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Susan made the following purchases of ordinary shares in Semicycle plc:
In January 2024, the company went into liquidation and Susan received a first distribution of £2 per share. The market value of an ordinary share in Semicycle plc just after this distribution was £1. Compute the allowable loss arising in January 2024.
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