Tina made the following acquisitions of ordinary shares in Hombus plc: Date 15 August 1993 23 January
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Tina made the following acquisitions of ordinary shares in Hombus plc:
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Date 15 August 1993 23 January 2003 Number of shares 500 700 Cost 1,250 2,800 On 1 June 2014, the company made a 1 for 20 rights issue at 8 per share and Tina decided to buy the shares to which she was entitled. Calculate the chargeable gain arising on 12 November 2017 when Tine sold 840 shares for 7 each, assuming that she made no further acquisitions within the next 30 days.
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The disposal cannot be matched against acquisitions on the sa...View the full answer
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