Commentary

D9.450 Capital gains tax

Corporate tax
Corporate tax | Commentary

D9.450 Capital gains tax

Corporate tax | Commentary

Interaction with other legislation

D9.450 Capital gains tax

Where the transfer of a security gives rise to an AIP or an AIL, adjustments are made to the computation of the chargeable gain or allowable loss arising from the transfer.

Where a security is transferred with accrued interest1:

  1.  

    (a)     if the transferor is charged to income tax under ITA 2007, s 623 on an AIP, the consideration for the disposal is reduced by an equivalent amount;

  2.  

    (b)     if the transferee realises an AIL, the consideration for the acquisition is reduced by an equivalent amount.

Where a security is transferred without accrued interest2:

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