Commentary

E3.1102 Reinvestment in the same company

Personal and employment tax

E3.1102 Reinvestment in the same company

E3.1102 Reinvestment in the same company

Deferral relief is not available if the asset on which the gain accrues is shares or securities in the company in which the investment is made, or in a company in the same group either at the time of disposal of the original shares or at the time of issue of the new shares1.

Where an investor obtains deferral relief for a gain on the sale of shares in a company (A) by virtue of an investment in shares in another company (B) and subsequently sells some or all of the shares in company B,

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