Calculation of profits

Disposals

Earn-out rights

Market value acquisitions

Market value disposals

Charge to tax

Corporate strips

Acquisitions and disposals

Conversion of interest-bearing corporate securities into corporate strips

Generally

Interest-bearing security, meaning

Lower level conversions

Manipulation of acquisition, transfer or redemption payments

Meaning

Disposals

Calculation of profit

Generally

Market value

Timing of transfers and acquisitions

Estates in administration

Excluded indexed security

Excluded occasions of redemption

Expressly excluded securities

Generally

Government securities

Income charged

Listed securities held since 26 March 2003

Calculation of profit or loss on disposal

Connected persons

Generally

Loss relief

Loan relationships

Accounting periods pre-1 April 2007

Close companies

Connected companies

Partnerships

Persons indirectly standing in position of creditor

Pre-1 October 2002

Market value, meaning

Meaning

Non-resident trustees

Person liable

Priority of charge

Qualifying corporate bonds

Redemption period, meaning

Securities issued in separate tranches

Securities which are not deeply discounted securities

Share, meaning

Strips

– see also Government securities

Generally

Tax advantage, meaning

Transfer of assets abroad

Trustees