Paula makes the following acquisitions of ordinary shares in Indigent plc: Date Number of shares 5,000 2,000
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Paula makes the following acquisitions of ordinary shares in Indigent plc:
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Date Number of shares 5,000 2,000 1,200 1,800 Cost 6,300 1 July 2010 2 August 2011 2,500 3 February 2014 2,300 4 January 2018 3,400 She sells 500 shares on 28 March 2018. No shares are acquired within the next 30 days. (a) Show the s104 holding on 28 March 2018, just prior to and just after the dis posal on that date. (b) Compute the chargeable gain or allowable loss on the disposal if sale proceeds are: (i) 1,300 (ii) 1,000 (iii) 700
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a The s104 holding is as follows b Acquired 1 July 2010 Acquired 2 August 2011 Acquired ...View the full answer
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