Sherjeel made the following acquisitions of ordinary shares in Truculent plc: Date 27 September 2000 28 July
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Sherjeel made the following acquisitions of ordinary shares in Truculent plc:
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Date 27 September 2000 28 July 2002 3 February 2007 5 July 2011 Number of shares 1,200 800 500 300 Cost 3,600 2,800 2,000 1,500 On 1 September 2014 , the company made a 1 for 10 bonus issue. Calculate the chargeable gain arising on 1 March 2018 when Sherjeel sold 1,400 shares for 6 each, assuming that he made no further acquisitions within the next 30 days.
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