CG50563 - Share identification rules: share disposals: CGT cases to 1997-98
For individuals and other persons within the charge to
Capital Gains Tax for the years 1985- 86 to 1997-98, disposals of
shares of the same class in the same company held in the same
capacity must be identified in the following order.
- Against acquisitions on the same day, TCGA92/S105(1)(b), see CG50822
- For disposals between 17 March 1998 and 5 April 1998 only, against acquisitions within the 30 days following the disposal, FA98/S124(8), see CG50566.
- Against acquisitions in the previous nine days, TCGA92/S107(3), see CG50840+.
- Against shares in the `Section 104 holding', TCGA92/S107(7)and (8), see CG50590+.
- Against shares in the `1982 holding', TCGA92/S107(7) and (9), see CG50820+.
- Against shares held on 6 April 1965 on a last in first out (LIFO) basis, TCGA92/S107(7) and (9), see CG50970+.
- Finally against subsequent acquisitions of shares, taking the earliest acquisition first, TCGA92/S105(2).
