In June 2013, Gillian was given shares with a market value at that time of 6,000. In

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In June 2013, Gillian was given shares with a market value at that time of £6,000. In November 2019 she made a successful claim to the effect that these shares now had a negligible value of only £80.

(a) Compute the allowable loss.

(b) Compute the chargeable gain arising in March 2022, when Gillian sold the shares for £120.

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Taxation Finance Act 2021

ISBN: 9781292406725

27th Edition

Authors: Alan Melville

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Question Posted: Feb 02, 2024 06:01 AM

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In June 2013, Gillian was given shares with a market value at that time of 6,000. In

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Taxation Finance Act 2021

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