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Dear Sir,
In the answer at the back, note 3, where the advise was to elect to dis-apply incorporation relief, it was said that the base cost of the shares would then be 200,000. How this figure was calculated? Was it the ordinary shares valued at 160,000 + the 40,000 cash or was it the total of the market values at 1/9/12?Once again, thanks for the support.
Hi bona007 many thanks for asking this question as the answer should not say 200,000 but it should be 160,000 being the value of the shares issued / base cost of the shares without the reduction for incorporation relief!! Hope that now makes more sense and again many thanks for bringing the error to my attention!
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