Commentary

C2.1153A Indirect disposals—calculating the gain or loss on disposal

Capital gains tax
Capital gains tax | Commentary

C2.1153A Indirect disposals—calculating the gain or loss on disposal

Capital gains tax | Commentary

C2.1153A Indirect disposals—calculating the gain or loss on disposal

The gain or loss on the indirect disposal is calculated using the value of the shares being disposed of, rather than the value of the underlying UK land. The normal rules for share disposals therefore apply (for example, the substantial shareholding exemption may be available to corporate disponers, see Division D1.10).

For the purposes of indirect disposals where the shares were held prior to 6 April 2019, the same computational rules as apply to direct disposals not chargeable before 6 April 2019 (see C2.1147). Therefore, all indirect disposals are, by default, rebased

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