Ch20: Chargeable Gains for Companies Flashcards
(1) Indexation Allowances (2) Disposal of Shares by Companies (3) Bonus & Rights Issues (4) Relief for Business Assets (ROR)
1
Q
How do computate disposal of shares by companies?
A
(1) SAME DAY Acquisition
(2) Shares acquired in the PREVIOSU 9 DAYS [More than 1 acquisition = FIFO]
(3) Shares from the FA 1985 POOL (Purchases from 1 April 1982 - 10 DAYS PRIOR TO SALE).
