Mr DA Shirley.

Decision released 30 January 1997.

Chargeable gains – Transfer by building society of its business including share accounts and deposit accounts to a bank – Payment by bank of £500 and 13.544 per cent of balance of account to every shareholder of two or more years’ standing and to deposit account holders up to a maximum payment of £13,544 – Whether a total or partial disposal of accounts – No charge on either type of acount – No surrender of equity rights – Appeal allowed – Building Societies Act 1986, s. 97-100; Taxation of Chargeable Gains Act 1992, s. 22, 42, 251.

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