Commentary

D9.513 Listed securities held since 27 March 2003

Corporate tax
Corporate tax | Commentary

D9.513 Listed securities held since 27 March 2003

Corporate tax | Commentary

D9.513 Listed securities held since 27 March 2003

Relief for losses

A claim may be made for relief from income tax where a loss is incurred on a disposal of a DDS held continuously since before 27 March 2003 which was listed on a recognised stock exchange at any time before that date1.

A loss is only incurred for this purpose if the amount paid for the securities exceeds the amount payable on disposal, leaving out of account any incidental expenses incurred prior to 6 April 2015. But in computing the amount of the loss (for disposals before 6 April 2015),

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