Sandra acquired the following ordinary shares in Pincer plc: On 26 June 2021, Sandra sold 700 of
Question:
Sandra acquired the following ordinary shares in Pincer plc:
On 26 June 2021, Sandra sold 700 of her shares in Pincer plc. Assuming that she acquired no further shares in the company during 2021, calculate the chargeable gain or allowable loss if her sale proceeds in June 2021 were:
(a) £8,400
(b) £6,300
(c) £5,200.
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