In June 2012, Gillian was given shares with a market value at that time of 6,000. In
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In June 2012, Gillian was given shares with a market value at that time of £6,000. In November 2018 she made a successful claim to the effect that these shares now had a negligible value of only £80.
(a) Compute the allowable loss.
(b) Compute the chargeable gain arising in March 2021, when Gillian sold the shares for £120.
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a b Deemed disposal proceeds Less ...View the full answer
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