Commentary

D8.351 Disposal of shares

Corporate tax
Corporate tax | Commentary

D8.351 Disposal of shares

Corporate tax | Commentary

D8.351 Disposal of shares

Investment relief is withdrawn, or reduced, on the first disposal of any of the relevant shares by the investing company within the qualification period1.

There is a disposal of the shares if there is a disposal under the normal rules for corporation tax on chargeable gains and on certain exchanges of shares under a company reconstruction (see D8.383)2. In determining whether or not the relevant shares have been disposed of in cases where those shares form part of a larger holding of shares of the same class in the same company, it is necessary to consider the special share identification rules described in D8.390.

Once it is

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial