Tax Efficient Savings and Investments Finance & Accounting Essay
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The cost of the shares and capital gain of the shares Bob and Isobel intends to sell are as computed below.
Number of shares = 8,000
The market value of a share on 31.3.82 = £1.50
Cost of the shares = 8,000 * £1.50 = £12,000
The selling value of the shares = £80,000
Capital gain = £80,000 - £12,000 = £68,000
Thus, the capital gain tax payable that Bob and Isobel should expect from the sale of the shares is £68,000.