Jeremy acquired the following ordinary shares in Scarlon plc: He made no further acquisitions during 2022. On

Question:

Jeremy acquired the following ordinary shares in Scarlon plc:

image text in transcribed

He made no further acquisitions during 2022. On 22 December 2021, he sold 10,000 shares in the company for £10 per share. Calculate the chargeable gain or allowable loss arising on this disposal.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Taxation Finance Act 2021

ISBN: 9781292406725

27th Edition

Authors: Alan Melville

See More Books

Question Posted: Feb 02, 2024 06:01 AM

See More Questions

On 15 October 2017, Desmond bought 5 000 shares in Red Ltd at a cost of R5 per share. On 25 October 2018, Red Ltd was taken over by Blue plc. The shareholders of Red Ltd received 3 shares in Blue plc...
A company made the following disposals during the year to 31 March 2022: (a) A factory building was sold for 650,000 on 13 June 2021. This building had cost 300,000 in August 2000 (RPI 170.5) and was...
Suzanne acquired the following ordinary shares in Quarine plc: She made no further acquisitions and the shares were valued at 3.20 each on 31 March 1982. On 24 July 2021, Suzanne sold 1,200 shares...
what is the Low velocity zone? 1. elsic 2. Mafic 3. Partially melted rock 4. Crust 5. Pressure causes olivine to change to spinel 6. Physical boundary 7. core
Center of-Mass Coordinate System Puck A (mass m Al is moving on a frictionless, horizontal air table in the + x-direction with velocity it AI and makes an elastic, head-on collision with puck B (mass...
For the binomial experiments in Problem, find the normal approximation of the probability of at least 95 successes in 500 trials if p = 0.2.
It looks to me that you have devoted everything to this company and they have treated you badly. Is that right?
Pat Delaney Company leases an automobile with a fair value of $8,725 from John Simon Motors, Inc., on the following terms: 1. Noncancelable term of 50 months. 2. Rental of $200 per month (at end of...
19. Write your first derivative of the following function in the space on the answer sheet. Y 2X2+5X3-X+10 20. Write your first derivative of the following function in the space on the answer sheet....
Pop Corporation acquired 70 percent of the outstanding voting stock of Son Corporation for $182,000 cash on January 1, 2016, when Son's stockholders' equity was $260,000. All the assets and...
William made the following acquisitions of preference shares in Pangol plc: In January 2021, the company made a 1 for 4 bonus issue. In February 2022, William sold 450 shares for 4 per share....
Sandra acquired the following ordinary shares in Pincer plc: On 26 June 2021, Sandra sold 700 of her shares in Pincer plc. Assuming that she acquired no further shares in the company during 2021,...
Find the price of a corporate bond maturing in 5 years that has a 5% coupon (annual payments), a $1,000 face value, and an AA rating. A local newspaper's financial section reports that the yields on...
Provide a minimum of three strategic reasons why some organizations become global/international. Give us examples of organizations that did this and cite your sources.
What are Hofstede's cultural dimensions? Name and define them. B) What do Hofstede's cultural dimensions represent? How can they be used for comparing the cultures of countries?
1. What are the advantages and disadvantages of debt financing compared to equity financing? 2. Explain the concept of the time value of money and its implications for financial decision-making. 3....
What kind of user training should be conducted to deal with the issue of noise (electrical). How do you strike a balance between being overwhelmed with false positives and the danger of ignoring true...
QUESTION 3 A ball is kicked with an initial velocity of 61 m/s. If the ball's maximum height reached is 71 m, what was the angle of projection? Use -10 m/ss for acceleration. Leave answer to zero...
What are four primary methods used for conducting formal research?
A company produces earbuds. The revenue from the sale of x units of these earbuds is R = 8x. The cost to produce x units of earbuds is C = 3x + 1500. In what interval will the company at least break...
A Ltd owns 90% of the ordinary share capital of B Ltd and 70% of the ordinary share capital of C Ltd. C Ltd owns 70% of the ordinary share capital of D Ltd. (a) Which companies are related 51% group...
A Ltd owns 90% of the ordinary share capital of B Ltd and 70% of the ordinary share capital of C Ltd. C Ltd owns 70% of the ordinary share capital of D Ltd. (a) Which companies are related 51% group...
A close company which prepares accounts to 31 March each year is owned and managed by a single shareholder/director who is paid a salary of 5,000 per month. In addition to this salary, the company's...
what ways does functionalist analysis shed light on the role of culture and norms in shaping social order, emphasizing the integrative functions of shared values and beliefs in regulating individual...
You are an audit manager at a large public accounting firm. Your audit partner approaches you with a request for proposal (RFP) from a potential client looking for a firm to audit their annual...
How does functionalist theory address the complexities of globalization and social change in the contemporary world, considering how shifts in technology, economy, and communication networks impact...

Jeremy acquired the following ordinary shares in Scarlon plc: He made no further acquisitions during 2022. On

Question:

Date 19 September 2012 20 October 2014 21 November 2016 22 December 2021 13 January 2022 No of shares 4,000 2,000 1,000 3,000 5,000 Cost 16,000 12,000 7,000 24,000 55,000

Step by Step Answer:

To calculate the chargeable gain or allowable loss arising from the disposal of shares we need ...View the full answer

Taxation Finance Act 2021

Students also viewed these Business questions