Zainab bought 35,000 shares in Yes Plc in 2005 for $35,000, In the current tax year Zainab transferred all the shares in Yes plc to her sister - in - law , Fatima ,who paid $20,000 for them, on the day of the transferred the shares in Yes plc were quoted at $5.44-$5.60.

What is Zainab chargeable gain as a result of the transfer to Fatima ?

Answer rating: 100% (QA)

To calculate the chargeable gain we need to determine the market value of the sh... View the full answer