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  • June 5, 2015 at 10:58 pm #254241
    mysteryjohncarter
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    After tax proceeds are sale proceeds minus CGT
    not
    gain minus CGT

    June 5, 2015 at 10:50 pm #254235
    mysteryjohncarter
    Member
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    @azramalik said:
    The number of shares which I did not work out at the time due to time pressure which I have managed to work out now is 1041.68 shares x45 = 46876. Take off cost of purchase
    1041.68 sharesx5=5208. This equals £41667. Take off CGT @28%=11667.
    Net gain =£30,000

    It did not ask for net gain.
    It had asked for after tax proceeds.

    June 5, 2015 at 10:49 pm #254233
    mysteryjohncarter
    Member
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    @adski989 said:
    That looks wrong…. Take the proceeds less cost as you would any cgt, less 28% ignoring annual relief and you don’t get that answer.

    If you used annual exemption then it shud be 796 shares

    June 5, 2015 at 10:40 pm #254229
    mysteryjohncarter
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    @adski989 said:
    That looks wrong…. Take the proceeds less cost as you would any cgt, less 28% ignoring annual relief and you don’t get that answer.

    I think it said that A/E of 11000 is used up as he make cap gains. But i believe it is correct as few other ppl have same result.
    Thanks for noticing it.

    June 5, 2015 at 10:13 pm #254224
    mysteryjohncarter
    Member
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    Q4 part 1 the correct answer is 888 shares.

    X= number of shares sold
    sale proceeds = 45X
    Cost = 5X
    Gain = 40X
    CGT @ 28% = 11.2X

    Therefore

    30000 = 45X – 11.2X
    33.8X = 30000
    X = 887.57 or 888 shares

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