CITM9030 - Definitions: Meaning of 'held continuously'

FA02/SCH16/PARA49; ITA/s380

An investor will not be regarded as having held an investment continuously throughout a period if during that time –

• the investor is deemed for the purposes of capital gains tax to have disposed of and immediately reacquired the securities or shares, or
• a corporate investor is treated as having disposed of the investment in the circumstances where it retains them following a scheme of reconstruction or amalgamation