Jeremy acquired the following ordinary shares in Scarlon plc: He made no further acquisitions during 2021. On
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Jeremy acquired the following ordinary shares in Scarlon plc:
He made no further acquisitions during 2021. On 22 December 2020, he sold 10,000 shares in the company for £10 per share. Calculate the chargeable gain or allowable loss arising on this disposal.
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Date 19 September 2012 20 October 2014 21 November 2016 22 December 2020 13 January 2021 No of shares 4,000 2,000 1,000 3,000 5,000 Cost 16,000 12,000 7,000 24,000 55,000
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The 10000 shares disposed of on 22 December 2020 are matched as follows a The first match is against ...View the full answer
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