Susan made the following purchases of ordinary shares in Semicycle plc: Date 11 January 2008 20 January
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Susan made the following purchases of ordinary shares in Semicycle plc:
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Date 11 January 2008 20 January 2015 No of shares 1,500 1,140 Cost 4,800 5,700 In January 2018, the company went into liquidation and Susan received a first distribution of 2 per share. The market value of an ordinary share in Semicycle plc just after this distribution was 1. Compute the allowable loss arising in January 2018.
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