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Dear Jill,
In examples 1 & 4 of Chapter 12 (CAPITAL GAINS TAX – INDIVIDUALS
– SHARES) you mentioned that Jane and Mark are NOT employees of the companies in the respective questions.
What if they were employees? What implications could that have in the examples mentioned?Also, in example 5 of the same chapter, what will happen if after takeover, Mark disposed of some, or all, of his shares in the new company?
Do not – at TX – over think these situations – deal with what is in front of you and you will pass the exam. The deeper thinking comes at ATX level exams.
Well done for thinking but dont!!! – just learn the rules and apply them
If he later sells the shares then use the valuation you have calculated for the takeover and do a normal CGT computation.
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