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We were given the following question to do as homework.I am finding it so confusing.Please help.The following is a summary of Peters transaction involving shares in a particular company since 1973.Market value of share @31March 12 is £1.40.
Date No of shares Cost/sale
1Oct 1973 1000 1200
1Feb 1982 500 600
1Apr 1987 1;3 rt issue@1.20
1Sept 1993 5000 8000
15Apr 2011 -800 -5000
15May 2011 1;6 bonus issue 0
24July2011 1500 3200
24July2011 -2300 -8000
29July 2011 700 1700
1oct 2011 -4000 -12000
1Dec 2011 3000 6500
Calculate the chargeable gains/loss on sale of the shares.
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