Anti-avoidance provisions

Appropriation of an asset to trading stock

Asset related to shares, meaning

Company, meaning

Degrouping charge

Exclusions

Anti-avoidance

Generally

First subsidiary exemption, disposal of assets related to shares

Foreign exchange gains and losses matching regulations

Gains previously held over

Generally

Group, meaning

Holding company of a group

Interaction with other provisions

Appropriation of asset to trading stock

Deemed no disposal

Degrouping charge

Foreign exchange gains and losses matching regulations

Gains previously held over

Negligible value claims

Reorganisations

Interests in shares, meaning

Joint venture companies, holdings in

Main exemption

Negligible value claims

Period of ownership and extension of

Reorganisations

Requirements

Acquisition on no gain/no loss transfer

Company invested in

Earlier deemed disposal and reacquisition, shares subject to

Earlier reconstruction or demerger

Earlier repurchase agreement, shares subject to

Earlier stock lending arrangement, shares subject to

Generally

Investing company

Liquidation, companies in

Transfer of trading assets within a group

Second subsidiary exemption, main exemption conditions previously met

Shares, meaning

Sub-group, meaning

Substantial shareholding, meaning

Trade, meaning

Trading activities, meaning

Trading company, meaning

Trading group, meaning

Trading sub-group, meaning