Commentary

C3.1203 Shares issued after 18 March 1986 and before 1 January 1994

Capital gains tax
Capital gains tax | Commentary

C3.1203 Shares issued after 18 March 1986 and before 1 January 1994

Capital gains tax | Commentary

C3.1203 Shares issued after 18 March 1986 and before 1 January 1994

For shares issued after 18 March 1986 for which BES relief was obtained, no capital gains tax is chargeable on any gain made on the first disposal of the shares and, conversely any loss arising on the disposal is not allowable1. The effect is to exempt chargeable gains on eligible shares that are sold after the end of the relevant period (see below) when the relief will not be withdrawn as a result of the sale. A sale of eligible shares at a profit within the relevant period

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