Some securities defined as 'relevant securities' are not subject to the pooling arrangements described in C2.706 for capital gains and C2.707 for corporation tax, instead the matching provisions set out below apply. For the meaning of relevant securities, see C2.702.
Disposals by individuals and trustees
A disposal of a relevant security for capital gains tax is matched with acquisitions in the following order:
- Ìý
•ÌýÌýÌýÌý securities acquired within 30 days – if within the period of 30 days after a disposal, the person making it acquires relevant securities of the same class, the disposal is identified with those acquisitions, on a first-in, first-out basis (FIFO). This rule does not require securities to be identified with securities which the person making the disposal acquires at a time when they are not resident in the UK or when they
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