Related Commentary  Related HMRC Manuals

169VC(1)  This section applies where–

(a)a qualifying person disposes of a holding, or part of a holding, of shares in a company, and

(b)immediately before that disposal some or all of the shares in the holding are qualifying shares.

169VC(2)  If–

(a)a chargeable gain accrues to the qualifying person on the disposal, and

(b)a claim for relief under this section is made,

the rate of capital gains tax in respect of the relevant gain is 10 per cent.

169VC(3)  In subsection (2) “the relevant gain” means–

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