VCM48200 - VC loss relief: special rules for share reorganisations: new consideration: lay out of guidance

ICTA88/S575 (2)

The operation of ICTA88/S575 (2) depends on whether new consideration was given for the shares acquired in a share reorganisation.

If there was no new consideration see VCM48250. This will usually be the case when there has been a share exchange or bonus issue.

When new consideration was given for the shares acquired in the reorganisation see VCM48350 onwards. This will usually be the case when there has been a rights issue.