- This topic has 2 replies, 3 voices, and was last updated 11 years ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
-
Posts
-
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
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.