CG50532 - Share identification rules: 1985+: different holdings

FA 1985 also gave taxpayers the right to claim to have indexation allowance computed by reference to an asset's value on 31 March 1982. Therefore, there is still an important distinction between shares acquired before and after that date. Shares of the same class in the same company fall into three broad categories for identification purposes, a so called `new holding', a 1982 holding, and shares held at 6 April 1985. When the identification rules were revised in FA 1998, see CG50560+, the `new holding' was renamed `Section 104 holding'.