MEANING OF “CHARGEABLE SHARES” OR “CHARGEABLE ASSET”

Related Commentary  Related HMRC Manuals

32  Any exemption conferred by this Schedule shall be disregarded in determining whether shares are “chargeable shares” , or an asset is a “chargeable asset” , for the purposes of any enactment relating to corporation tax or capital gains tax.

NEGLIGIBLE VALUE CLAIMS

Related Commentary  Related HMRC Manuals

33(1)  This paragraph applies where–

(a)a company makes a claim under section 24(2) (assets of negligible value) in relation to shares held by it, and

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.