APPORTIONMENT BY REFERENCE TO STRAIGHTLINE GROWTH OF GAIN OR LOSS OVER PERIOD OF OWNERSHIP

Related Commentary  Related HMRC Manuals

16(1)  This paragraph applies subject to Parts I and II of this Schedule.

16(2)  On the disposal of assets by a person whose period of ownership began before 6th April 1965 only so much of any gain accruing on the disposal as is under this paragraph to be apportioned to the period beginning with 6th April 1965 shall be a chargeable gain.

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