Commentary

C2.808 Unquoted shares—part disposal before 6 July 1973

Capital gains tax
Capital gains tax | Commentary

C2.808 Unquoted shares—part disposal before 6 July 1973

Capital gains tax | Commentary

C2.808 Unquoted shares—part disposal before 6 July 1973

Where unquoted shares are acquired other than by way of bargain at arm's length, the allowable expenditure is treated as their market value at the date of acquisition1. The definition of market value was changed for disposals after 6 July 1973, in relation to unquoted shares, in that it is assumed that all necessary information (including unpublished information) is available to the purchaser2.

In a case where there was a part disposal out of a holding of unquoted shares before 6 July 1973, and the cost of the shares was determined on the

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