Practice Exam Paper 3 BPP for TAX

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
I am looking at Practice Exam Paper 3 BPP for TAX 2.1 Shares Pool <BR><BR>On the question paper it says May 2000 800 shares were Sold at £17,000 in the answers on the pool it is showing the minus of the 800 shares but at the cost of £11,280 the indexed column is £13,952.<BR><BR>How do they get to the new cost figure of 11,280 and indexed cost figure of 13,952?

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Practice Exam Paper 3 BPP for TAX

    the cost will be a proportion of the total cost of all shares purchased. The indexed cost will be similar. I assume from this that the purchase pre-dated 6.4.98.<BR>You do not attempt to identify the cost of individual shares, you simply use an average figure.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Practice Exam Paper 3 BPP for TAX

    Thanks<BR>

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