Commentary

D2.328 Group capital gains—Assets held at 6 April 1965

Corporate tax
Corporate tax | Commentary

D2.328 Group capital gains—Assets held at 6 April 1965

Corporate tax | Commentary

D2.328 Group capital gains—Assets held at 6 April 1965

Where still relevant, the provisions relating to assets held on 6 April 19651 apply as if all group members were one person in cases where a company which is or has been a group member disposes of an asset outside the group which it acquired from another group member as a result of a no gain/no loss disposal2.

Quoted securities

Companies which hold assets on 6 April 1965 are able to make an election to pool the market value of securities held on 6 April 1965 and to ignore their original cost

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