In September 2011, Gloria acquired 1,000 ordinary shares in a listed company for 7,000. Trading in the
Question:
In September 2011, Gloria acquired 1,000 ordinary shares in a listed company for £7,000.
Trading in the share s was suspended in December 2017 and Gloria claimed that the shares then had a negligible value of only 10p per share. This claim was accep ted by HMRC. Compute the allowable loss.
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Deemed disposal value 1000 x 10p Less C...View the full answer
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