William made the following acquisitions of preference shares in Pangol plc: In January 2020, the company made
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William made the following acquisitions of preference shares in Pangol plc:
In January 2020, the company made a 1 for 4 bonus issue. In February 2021, William sold 450 shares for £4 per share. Calculate the chargeable gain, assuming that he made no acquisitions in the following 30 days.
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There were no acquisitions on the same day as the disposal or ...View the full answer
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