- This topic has 1 reply, 2 voices, and was last updated 4 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Anika sold her entire holding of 3,000 £1 ordinary shares in Distribo Ltd, a trading company, to her son, Hemi, for £53,000 on 14 July 2015. The market value of the shares on that date was £98,000.
Anika had purchased the 3,000 shares on 28 October 2004 for £41,500. She has never worked for Distribo Ltd.
What amount of Gift Relief is Available?
The answer for Gift relief is £45,000, but I can’t understand why? could someone please explain this to me.
Thanks so much 🙂
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.