Commentary

Section C2.717B Securities in a section 104 holding—the 2008 rules

Capital gains tax
Capital gains tax | Commentary

Section C2.717B Securities in a section 104 holding—the 2008 rules

Capital gains tax | Commentary

C2.717B Securities in a section 104 holding—the 2008 rules

For transactions after 5 April 2008, the legislation described in this article applies for capital gains tax purposes. See C2.717 for the rules applying for corporation tax purposes.

The section 104 holding is revived on 6 April 2008 by adding to it on that date:

  1.  

    •     any unmatched acquisitions made after 5 April 1998

  2.  

    •     any unmatched holdings in the 1965 pool

  3.  

    •     any unmatched securities acquired before 6 April 1965

This means that all securities of a particular class held at 6 April 2008 and subsequently acquired are included in the section

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