The following information is available: (a) In June 2022, Walter bought 10,000 shares in Ovod plc at

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The following information is available:

(a) In June 2022, Walter bought 10,000 shares in Ovod plc at a cost of £7 per share.

(b) In August 2023, Rundico plc made a takeover bid for Ovod plc, offering the Ovod shareholders eight Rundico shares plus

£4 in cash for every five Ovod shares.

(c) This offer was accepted on 28 August 2023, when the market value of shares in Rundico plc was £4.50 per share.

Compute Walter'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 June 2022, Walter bought 10,000 shares in Ovod plc at

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a b c Walter received 16000 shares worth 72000 plus 8000 in cash a tota...View the full answer

Taxation Finance Act 2023

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