IRInt. 218 CAPITAL GAINS TAX (CGT): HOLDINGS OF SHARES: MATCHING ACQUISITIONS AND DISPOSALS
[HMRC Tax Bulletin 52, April 2001]
Finance Act 1998 brought in a new set of CGT rules for matching disposals of shares (and similar fungible assets) with acquisitions. The basic rules are set out in our help sheet IR 284: Shares and Capital Gains Tax. Since 1998 various questions have been raised as to how these rules apply in different situations. This article sets out the Revenue’s views on some of the regular queries.