VCM68600 - VCT: deferral relief: share exchanges: where TCGA92/S135 or S136 apply

TCGA92/SCH5C/PARA4 (4)

VCM68180 and VCM68190 deal with share exchanges on which the deferred gain is brought back into charge. TCGA92/S135 or S136 may continue to apply if the new shares are ordinary shares in a VCT. The share reorganisation provisions treat these shares as the same shares as the original shares, see CG52579 onwards. TCGA92/SCH5C/PARA4 (4) preserves the revival of the deferred gain on a later disposal of the new shares.