Commentary

C3.1204 Disposal following a rights issue after 18 March 1986

Capital gains tax
Capital gains tax | Commentary

C3.1204 Disposal following a rights issue after 18 March 1986

Capital gains tax | Commentary

C3.1204 Disposal following a rights issue after 18 March 1986

A rights issue after 18 March 1986 affecting eligible shares in respect of which relief has been given may have resulted in a reduction of relief. Where the rights were taken up, the cost of the allotted shares or debentures acquired was increased for capital gains tax purposes by the amount of the reduction in relief apportioned between them on a just and reasonable basis, subject to appeal to the Commissioners if the basis was unacceptable. Conversely, the cost of the eligible shares would have been reduced by the same

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