Can somebody help me on Practice assement business tax FA2011 shares q2.3
lk01
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!
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!
0
Comments
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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 Franklin0 -
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 much0 -
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 Franklin0
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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!0
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