Commentary

D7.544 Equities: 'bed and breakfast' transactions

Corporate tax
Corporate tax | Commentary

D7.544 Equities: 'bed and breakfast' transactions

Corporate tax | Commentary

D7.544 Equities: 'bed and breakfast' transactions

The rules in this division apply for accounting periods beginning before 1 January 2013. For accounting periods beginning on or after 1 January 2013 see Division D7.4.

The general provisions for bed and breakfast transactions (TCGA 1992, ss 105–106A) in which shares are sold and reacquired shortly afterwards are discussed in C2.708. A similar rule for shares and certain other assets held by life insurance companies is in TCGA 1992, s 210B1.

The rules apply to any security within the meaning of ICTA 1988, s 440A (securities that are of a class that is regarded

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