PTC Share Pool Calculations
Tinkerbell007
Registered Posts: 64 Regular contributor ⭐
Hope someone can help!
I'm getting really confused about matching disposals of shares against acquisitions and then the share pool - I can't quite get my head round the matching of shares acquired in the following 30 days on a FIFO basis and the example in my book isn't very clear - can someone explain this in really straightforward terms for me?
Thanks!
I'm getting really confused about matching disposals of shares against acquisitions and then the share pool - I can't quite get my head round the matching of shares acquired in the following 30 days on a FIFO basis and the example in my book isn't very clear - can someone explain this in really straightforward terms for me?
Thanks!
0
Comments
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Re PTC
is this suppose to be business tax or personal tax if so what book are you looking at?0 -
Hi Terdoo
It's personal tax and the book I have is the BPP one (page 92) - I can't see how they have got the figure of £27,733 for the disposal cost on 5th June 20090 -
if you post the question i will have a look as i am studying business tax too and it will help me.0
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Tinkerbell007 wrote: »Hi Terdoo
It's personal tax and the book I have is the BPP one (page 92) - I can't see how they have got the figure of £27,733 for the disposal cost on 5th June 2009
i struggled on this and phoned bpp
the answer is after the acquisition you should have 15000 shares costing £32000
you divide the 32000 by 15000 the multiply by the (13000). this then gives you (27333)
i have used an applied this method tho the next few questions in the book and it works, i could not see it for the life of me either.
Tracy0 -
Hi Taskey
Thanks for the reply - going to re-look at it tonight so fingers crossed all should now all make sense!!
Hope your revision is going well - not long to go now!!0
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