William made the following acquisitions of preference shares in Pangol plc: In January 2021, the company made

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William made the following acquisitions of preference shares in Pangol plc:

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In January 2021, the company made a 1 for 4 bonus issue. In February 2022, William sold 450 shares for £4 per share. Calculate the chargeable gain, assuming that he made no acquisitions in the following 30 days.

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Taxation Finance Act 2021

ISBN: 9781292406725

27th Edition

Authors: Alan Melville

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Question Posted: Feb 02, 2024 06:01 AM

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William made the following acquisitions of preference shares in Pangol plc: In January 2021, the company made

Question:

Date 17 February 2010 13 November 2014 9 October 2018 No of shares 600 200 100 Cost 900 400 300

Step by Step Answer:

To calculate the chargeable gain from the sale of shares we must first establish the cost basis of the shares sold by William For this we take into ac...View the full answer

Taxation Finance Act 2021

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