CG50548 - Share identification rules: 1998+: effect of FA 1998 for CGT

In summary, the changes introduced by FA 1998 mean that for persons liable to Capital Gains Tax, from 6 April 1998

any existing Section 104 holding is frozen as at April 1998 and can no longer grow, unless there is a bonus share issue or rights issue of the same class of share in respect of the shares already in the pool
acquisitions of shares of the same class are not pooled, but remain separate acquisitions (with acquisitions on the same day being treated as a single transaction under TCGA92/S105(1))
most shares acquired as stock dividends, see CG58750+, are no longer treated as received in a share reorganisation, but as new acquisitions
disposals of shares are identified in a new order, see CG50564
`relevant securities' previously subject to special identification rules are subject to the same new identification rules.