The identification rules apply to match a disposal of shares or securities of a particular class with shares or securities of that class acquired by the same person in the same capacity1, see C2.701 for a summary of the identification rules. The provisions described below do not apply for the purposes of corporation tax on chargeable gains – see C2.707.
The identification rules detailed below apply to disposals of shares or securities on or after 6 April 2008 for the purposes of capital gains tax, see C2.702 for a definition of shares and securities. In some cases the rules are modified, see Division C2.8.
Where a person holds shares or securities in more than one capacity (eg a personal holding and a holding as trustee), a disposal of shares in one capacity cannot be matched with an acquisition in a different capacity. Matching is made in accordance with the rules in the legislation without regard to any different method of identification (eg by numbering of shares) stipulated in the disposal arrangements2.
Shares
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