Capital gains tax | Commentary

C2.705 General

Capital gains tax | Commentary

Identification of securities disposed of

C2.705 General

The identification rules apply to match a disposal of securities of a particular class with securities of that class acquired by the same person in the same capacity1.

The rules described in C2.706–C2.709 apply to identification of securities disposed of after 5 April 1985. Different rules, which were varied from time to time, applied to the matching of disposals before 6 April 1985. These former rules will have been applied long ago and are no longer relevant. A taxpayer who makes frequent purchases and sales of a particular security will have a record

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