TCGA92/S147 deals with share warrants issued at the same time as an event which is treated as a share reorganisation or conversion of securities. The most common examples will be rights issues and bonus issues, see CG50290 onwards and takeovers in which the acquiring company issues securities and share warrants in exchange for the shares it acquires, see CG52521. The effect of TCGA92/S127 is that none of these events is treated as a disposal of the original shares or securities or acquisition of the new shares and securities. Full instructions can be found at CG51700 onwards.

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.