Capital gains tax

For capital gains tax purposes, ‘relevant securities’ do not form part of the ‘new s. 104 holding’ (for which, see ¶556-825) - TCGA 1992, s. 104(3). ‘Relevant securities’ are defined for capital gains tax purposes as follows:

(a)securities within the meaning of ITA 2007, Pt. 12, Chap. 2 (accrued income profits);

(b)qualifying corporate bonds; and

(c)securities which are interests in a non-reporting fund

(TCGA 1992, s. 106A(10)).

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