For disposals of shares or securities taking place on or after 19 July 2011, the targeted anti-avoidance rule (TAAR) at TCGA 1992, s. 31 applies, not TCGA 1992, s. 30 (TCGA 1992, s. 30(2)).

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HMRC guidance can be found in the Capital Gains Manual at CG48500

Scope of s. 31

TCGA 1992, s. 31 applies where a company (the disposing company) disposes of shares in, or securities of, another company, and:

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