Related Commentary  Related HMRC Manuals

246(1)  The rules in subsections (2) and (3) are for determining which shares of any class are treated as disposed of for the purposes of–

(a)section 209 (disposal of shares), or

(b)section 245 (spouses or civil partners),

if the investor disposes of some but not all of the shares of that class which the investor holds in a company.

246(2)  Shares acquired on an earlier day are treated as disposed of before shares acquired on a later day.

246(3)  Shares acquired on the same day are treated as disposed of in the following order–

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