C2.716 Acquisition costs of a section 104 holding (capital gains tax)
The commentary in this article applies for capital gains tax purposes, see C2.717 for the rules applying for corporation tax purposes.
Disposals of shares or securities are matched for the calculation of capital gains against acquisitions of shares or securities according to the rules set out in C2.706. Where the acquisition is within the same day or 30-day rule the actual cost of the matched acquisition is included in the computation of the gain or loss. Where the disposal is matched with the section 104 holding the rules set out below apply.
All shares or securities of the same class, acquired by the same person in the same capacity are included in a section 104 holding1, other than:
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•ÌýÌýÌýÌý relevant securities (see C2.702)
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