70(1)  This section has effect to determine the chargeable amount for the purposes of section 68 above.

70(2)  If the chargeable event falls within section 69(1)(a), (b) or (c) above the following rules shall apply–

(a)if the event constitutes a disposal of the securities by the trustees for the purposes of the Taxation of Chargeable Gains Act 1992, the chargeable amount is an amount equal to the sums allowable under section 38(1)(a) and (b) of that Act;

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.