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shares and securities

HHao3y ago
Dear tutor: Nim disposed of the following assets during the tax year 2021/22: (1) On 20 July 2021 Nim made a gift of 10,000 £1 ordinary shares in Kapook plc to his daughter. On that date the shares were quoted on the stock exchange at £3.70-£3.80.Nimhas made the following purchases of shares in Kapook plc: ?19 February 2004:8,000 shares for £16,200 ?6 June 2009:1 for 2 rights issue at £3.65 per share ?24 July 2021:2,000 shares for £5,800 Nim's total shareholding was less than 5% of Kapook plc, and so holdover relief is not available. (2) On 13 August 2021 Nim transferred his entire shareholding of 5,000 £1 ordinary shares in Jooba Ltd, an unguoted companu, to his wife. On that date the shares were valued at£28,200. Nim's shareholding had been purchased on 11 January 2010 for £16,000. (3) On 26 November 2021 Nim sold an antique table for net proceeds of £8,700 after deducting the sale costs of £300. The antique table had been purchased for £5,200. 135 What is the total cost of the shares in Kapook ple sold on 20 July 2021?£26,333 £28,500 £25,667 £20,533 I calculate that the answer is 30800/12000*10000=25667,but it is fault,why?
JJill3y ago#1
You need to read the chapter on CGT - shares for individuals and watch the recorded lecture. This explains about the matching rules and share pools. Watch/read and try the question again.
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