CG50546 - Share identification rules: 1998+: general

As part of a package of CGT reforms, FA 1998 introduced a new taper relief, see CG17895+, for all chargeable gains liable to Capital Gains Tax. The amount of taper due depends on the length of time that the asset has been held. But it is not possible to tell how long shares have been held if they are pooled in a Section 104 holding, see CG50533. So pooling was ended for CGT purposes from 6 April 1998 when tapering began.