The following information is available: (a) In August 2016, Winston bought 8,000 shares in Hexico plc for

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The following information is available:

(a) In August 2016, Winston bought 8,000 shares in Hexico plc for £24,000.

(b) In October 2023, Zandac plc made a takeover bid for Hexico plc, offering the Hexico shareholders three shares in Zandac plus £1 in cash for every two Hexico shares.

(c) This offer was accepted on 29 October 2023, when the market value of shares in Zandac plc was £5 per share.

Compute Winston's chargeable gain.

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Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 02, 2024 10:01 AM

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The following information is available: (a) In August 2016, Winston bought 8,000 shares in Hexico plc for

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Taxation Finance Act 2023

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