Disposals on or after 6 April 2008 are to be identified with acquisitions in the following order:

(1)same-day acquisitions in accordance with TCGA 1992, s. 105: see ¶556-650 (TCGA 1992, s. 106A(9));

(2)acquisitions within the following 30 days on the basis of earlier acquisitions in that period, rather than later ones (a FIFO basis) (TCGA 1992, s. 106A(5) ; see ¶556-700); and

(3)securities within the expanded ‘s. 104 holding’ (see ¶556-825), which specifically does not include acquisitions under (1) and (2) above (TCGA 1992, s. 105(3); s. 106A(5ZA)).

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