Calculate Jane’s capital gain on the disposal of the shares on 28 June 2020.

Taxation (UK)
Jane owns shares in ABC Ltd. She acquired 1,500 shares in the company on 31 May 2016 for £20,000, and 500 shares on 30 June 2017 for £10,000. On 7 July 2020 Jane bought a further 200 shares in ABC Ltd for £4,000.
Jane sold 1,000 shares in ABC Ltd on 28 June 2020 for £25,000. She is not an employee of ABC Ltd.

Calculate Jane’s capital gain on the disposal of the shares on 28 June 2020.

© 2020 Essaylane.com. All Rights Reserved. | Disclaimer: for assistance purposes only. These custom papers should be used with proper reference.