- This topic has 1 reply, 2 voices, and was last updated 3 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Hi Sir, thanks alot for answering this question.
Would you please kindly explain the below question? Not really understand how to use 15%/65%/80% in this question.Q17 part B
(3) On 14 September 2020, Marwa made a gift of 6,500 £1 ordinary shares in Amaranth Ltd, an unquoted investment company, to her daughter.
Before the transfer Marwa owned 8,000 shares out of Amaranth Ltd’s issued share capital of 10,000 £1 ordinary shares. On 14 September 2020, Amaranth Ltd’s shares were worth £3 each for a holding of 15%, £7 each for a holding of 65%, and £8 each for a holding of 80%.
What is the transfer value of the gift of shares to Marwa’s daughter?
Viewing 2 posts - 1 through 2 (of 2 total)
- The topic ‘Pre-June 2022 Mock exam IHT Q’ is closed to new replies.