On 9 May 2012, Steven bought 2,000 ordinary shares in Vexacon plc for 8,000. On 28 November
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On 9 May 2012, Steven bought 2,000 ordinary shares in Vexacon plc for £8,000. On 28 November 2016, he bought 500 ordinary shares in the company for £2,500.
In March 2021, Danshore plc made a takeover bid for Vexacon plc. The shareholders of Vexacon were offered two shares in Danshore plus £2 in cash for every Vexacon share.
This offer was accepted on 21 March 2021 when the market value of shares in Danshore plc was £4 per share. Compute Steven's chargeable gain or allowable loss.
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First things first lets take one thing at a time 1 Lets work out the total purchase value of Vexacon ...View the full answer
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