Related Commentary  Related HMRC Manuals

809VI(1)  If the potentially chargeable event is a disposal of all or part of the holding, the appropriate mitigation steps are regarded as taken if the whole of the disposal proceeds have been taken offshore or reinvested.

809VI(2)  For any other case, the appropriate mitigation steps are regarded as taken if–

(a)P has disposed of the entire holding (or so much of it as P retains when the potentially chargeable event occurs), and

(b)the whole of the disposal proceeds have been taken offshore or re-invested.

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