A company made the following acquisitions of ordinary shares in Rujan plc: Date 15 August 1980 23
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A company made the following acquisitions of ordinary shares in Rujan plc:
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Date 15 August 1980 23 January 1997 No of shares 500 600 Cost 1,000 2,500 RPI 154.4 The market value of the shares on 31 March 1982 (RPI 79.44) was 2.50 per share. In June 2004 (RPI 186.8), Rujan plc made a 1 for 20 rights issue at 8 per share and the company decided to buy the shares it was offered. Calculate the chargeable gain arising in October 2017 (RPI 273.5) when the company sold 840 shares for 10 each.
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The gain arising on the disposal from the 1982 holding is calculated ...View the full answer
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