Blue Ltd had transactions in the shares of Zingo Ltd as shown in the table.
£
20.9.95
Purchase 3,000 shares cost
19,570
15.11.02
Sold 1,500 shares proceeds
12,000
31.1.12
11,500
Indexed rises (assumed)
Sept 1995 to Nov 2002
0.197
Nov 2002 to Jan 2012
0.371
What is the amount of chargeable gain/allowable loss for Blue Ltd's year ended 31 October 2012?
The correct answer is: £Nil.
IA 0.197 x £19,570
15.11.02 Disposal
IA 0.371 x £11,712
31.1.12 Disposal
Proceeds
Cost
Indexation (max)
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