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On 10 April 2006 Paul sold 5,000 £1 ordinary shares in Symphony Ltd, an unquoted trading company, for
£23,600. He had originally purchased 40,000 shares in the company on 23 June 2004 for £110,400.
Calculate CGT for year 2013-2014cost of 5000 shares = 5000/40,000*110400 = 13800
Disposal proceeds 23600
Less: Allowable cost (13800)
chargeable gain = 9800
Less: Annual exemption amount for 13/14 (10900)
Taxable amount = Nil
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