The examples at CG53709 show how in certain circumstances it would be possible for a gain attributable to a chargeable asset to fall out of the charge to tax if it were not for TCGA 1992 section 116. This paragraph explains in more detail the effect of section 116 where for the purposes of that section qualifying corporate bonds (QCBs) would constitute the new asset, [being all or part of the new holding], see CG53710. CG53712 explains the position where for the purposes of section 116 QCBs would constitute the old asset, [being all or part of the original shares].

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