CG50536 - Share identification rules: 1985+: 1982 holding

A 1982 holding is the shares the taxpayer actually held, or is treated as holding, on 5 April 1982 (31 March for companies). The reduced holding of shares which was treated as held on 5 April 1981 (31 March for companies) is added to any shares acquired in the year to 5 April 1982 (31 March for companies) and the combined 1982 holding is treated as a single asset which was held at 31 March 1982. The 1982 holding can only grow if there is a bonus share issue or rights issue of the same class of share, in respect of the shares already in the 1982 holding.