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Calculate jennas capital gains on the sale of her shares

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Reference no: EM131680230

Question - On 1 April 1987 Jenna bought 2 000 shares in ABC Ltd for $4.25 per share. On 1 June 1993 she also bought 1 000 shares in PBL at a cost of $14 per share. In 2015, Jenna wanted to buy a flat so she sold some of her shares on 2 December 2015 at the following prices:

1 000 ABC 8.00 per share

500 PBL 13.00 per share

250 PBL 12.00 per share

Required: Calculate Jenna's capital gains on the sale of her shares for 2015/16.

Reference no: EM131680230

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