ITTOIA 2005, s 712 sets out the rules governing the identification of shares following a reorganisation. These rules apply if the new shares are treated as the same assets as the old shares for the purposes of TCGA 1992, ss 126–140L (Pt IV, Ch II)1.
If the old shares satisfied the annual acquisition limit condition, and, if applicable, the condition on acquisition for genuine commercial reasons, the new shares are treated
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