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In December 1988 E Ltd bought 10,000 ordinary shares in D Plc, a quoted company, for £12,000. In January 2013 D Plc was taken over by F plc and under the terms of the takeover E Ltd received the following:
What is E Ltd's chargeable gain arising in January 2013? Ignore indexation. A. £5,000. B. £4,250. C. £1,308. D. £Nil. |