CG50522 - Share identification rules: 1965 to 1982: quoted shares held at 6/4/65

The gain on quoted shares was computed by reference to their market value on 6 April 1965. However, this was subject to a `kink test' comparison with the actual cost. Shares acquired at different times were identified on a first in first out basis. In 1968 taxpayers were allowed to elect to have shares held on 6 April 1965 brought into the pool of shares acquired after 6 April.