• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

shares and securities

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › shares and securities

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by JillyB.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • February 18, 2023 at 5:35 pm #679109
    advus
    Participant
    • Topics: 20
    • Replies: 19
    • ☆

    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?

    February 20, 2023 at 9:59 am #679204
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    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.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • effy.sithole@gmail.com on IASB Conceptual Framework – Introduction – ACCA Financial Reporting (FR)
  • kyubatuu on MA Chapter 6 Questions Inventory Control
  • hhys on PM Chapter 14 Questions More variance analysis
  • azubair on Time Series Analysis – ACCA Management Accounting (MA)
  • bizuayehuy on Interest rate risk management (1) Part 1 – ACCA (AFM) lectures

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in