Suzanne acquired the following ordinary shares in Quarine plc: Date 2 October 1979 10 January 1981 5

Suzanne acquired the following ordinary shares in Quarine plc:

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Date 2 October 1979 10 January 1981 5 December 2001 8 November 2008 24 July 2017 10 August 2017 20 August 2017 31 August 2017 No of shares 200 150 400 250 300 400 350 500 Cost 600 500 1,420 1,160 1,400 2,500 2,600 2,400 She made no further acquisitions. The shares were valued at 3.20 each on 31 March 1982. On 24 July 2017, Suzanne so ld 1,200 shares for 7 per share. Compute the chargeable gain or allowable loss arising on this disposal.