# Can somebody help me on Practice assement business tax FA2011 shares q2.3

Registered Posts: 8 Regular contributor ⭐
The most frustrating thing is, that I did it a couple of weeks ago when I learned shares!

The answers arn't helping me because I learnt it by laying it out as:
No. of shares/Cost/Indexed

It's just the disposal that's getting me. 2,000 sold, and 1,500 acquired in previous nine days but I just can't get the answer!

Any help would be so gratefully appreciated!

• Registered Posts: 2,525 Beyond epic contributor 🧙‍♂️
Hello lk

What is it that you don't get? I did this in class today. I'll go have a look at the question and see if I can do and will report back later tonight...

JC
~ An investment in knowledge always pays the best interest ~
Benjamin Franklin
• Registered Posts: 8 Regular contributor ⭐
How to take out the 1,500 shares that were acquired in the previous nine days, then the remaining 500 from the pool.
The balances i have up until the disposal are:

No of shares: 2900
Cost: 48300
Indexed cost: 54331

I can't subsequently work out the gain because i need the costs!

Thank you so much
• Registered Posts: 2,525 Beyond epic contributor 🧙‍♂️
I'll go look now and see if I can remember what I learnt a few hours ago
~ An investment in knowledge always pays the best interest ~
Benjamin Franklin
• Registered Posts: 8 Regular contributor ⭐
Oh dear, i've done it, i feel so silly now!
For anyone else that wants to know..

You first take out the 1500 shares at a cost and indexed cost of 31500
Then the remaining out of the share pool 500/1400 x 16800 = 6000 to get cost, and 500/1400 x 22,831 = 8154 to get indexed cost

then proceeds 50,000
less allowable cost (31,500)
less indexed (8154)
= 10346

Jo could you please let me know if you calculated it any differently because it is slightly confusing me!