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.
