The commentary below applies for corporation tax purposes and not for the purposes of capital gains tax see C2.716.
Disposals of shares or securities are matched for the calculation of chargeable gains against acquisitions of shares or securities according to the rules set out in C2.707. Where the acquisition is within the same day or 10-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 in C2.717 apply. If the disposal is matched with a 1982 holding the rules set out below apply. For details of 6 April 1965 holdings see C2.719 and C2.720.
Composition of the 1982 holding
The '1982 holding' comprises all shares of the same class in the same company acquired between 7 April 1965 and 31 March 1982 in so far as those shares have not been identified with disposals under current or previous identification rules. The pooled holding also includes quoted securities
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