On 1 June 1993, Harry purchased 1,000 shares in PHB at the cost of $14.00 per share.

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On 1 June 1993, Harry purchased 1,000 shares in PHB at the cost of $14.00 per share. He sold 500 of these shares on 2 December 2017 for $13.00 per share and 250 of these shares for $12.00 per share. Advise Harry of the capital gains tax consequences of the 6 share sales for the 2017/2018 year. Would it make any difference if he sold all the shares for $15.00 per share?

Posted Date: Nov 16, 2021 06:52 AM

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On 1 June 1993, Harry purchased 1,000 shares in PHB at the cost of $14.00 per share.

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The capital gains tax consequences of the share sales for th... View the full answer

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