Commentary

C2.701 Introduction to shares and securities

Capital gains tax
Capital gains tax | Commentary

C2.701 Introduction to shares and securities

Capital gains tax | Commentary

Division C2.7     Shares and securities—general

For updates affecting this Division please see Part C0 Updates

Shares and securities—generally

C2.701 Introduction to shares and securities

When there is a disposal of shares or securities, it is necessary to determine the cost of acquisition of what is disposed of. Unless the disposal represents the whole of the holding of that type of share or security, this means identifying the particular shares or securities which have been sold, and the legislation provides complicated rules to do this. These rules have been simplified (for individuals and trustees) in FA 19981 with

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