Related Commentary  Related HMRC Manuals

479(1)  This section applies for the purposes of section 478 (amount of charge on occurrence of chargeable event).

479(2)  The amount of the gain realised on the occurrence of an event that is a chargeable event by virtue of section 477(3)(a) (acquisition of securities) is (subject to subsection (4))–

MV − C

479(3)  In subsection (2)–

MV is the market value of the securities that are acquired at the time when they are acquired, and

C is the amount of any consideration given for the securities that are acquired.

479(3A)  [Omitted by FA 2017, s. 12(3)(a).]

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