James bought the following shares in Marks plc
June 1989
3,000 shares for £4,800
December 1994
5,000 shares for £8,500
James sold 6,000 of the shares in Marks plc in December 2012 for £25,000.
Calculate the chargeable gain arising.
The chargeable gain is: £________.
The correct answer is: £15,025.
Proceeds
Less cost (working)
Chargeable gain
Working share pool:
June 1989 acquisition
December 1994 acquisition
Total
Disposal December 2012
Total c/f
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