Suzanne acquired the following ordinary shares in Quarine plc: She made no further acquisitions and the shares

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Suzanne acquired the following ordinary shares in Quarine plc:

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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 for £7 per share. Compute the chargeable gain or allowable loss arising on this disposal.

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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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Suzanne acquired the following ordinary shares in Quarine plc: She made no further acquisitions and the shares

Question:

Date 2 October 1979 10 January 1981 5 December 2007 8 November 2015 24 July 2021 10 August 2021 20 August 2021 31 August 2021 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

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Taxation Finance Act 2021

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