Related Commentary  Related HMRC Manuals

104(1)  Any number of securities of the same class acquired by the same person in the same capacity shall for the purposes of this Act (subject to express provision to the contrary) be regarded as indistinguishable parts of a single asset growing or diminishing on the occasions on which additional securities of the same class are acquired or some of the securities of that class are disposed of.

104(2)  For the purposes of corporation tax, subsection (1) does not apply to any securities acquired by a company before 1 April 1982.

104(2A)  See also sections 105 to 105B and–

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