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 capital gains tax – see C2.706.
The identification rules detailed below apply to disposals of shares or securities on or after 1 April 1985 for the purposes of corporation 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
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