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Home / Simons-Taxes /Personal and employment tax /Part E3 Reliefs for investors /Division E3.6 Community investment tax relief /Further community investment tax relief provisions / E3.654 Identification of securities or shares on a disposal
Commentary

E3.654 Identification of securities or shares on a disposal

Personal and employment tax

There are rules overriding the normal capital gains identification rules (see TCGA 1992, ss 104–114; see C2.701 (individuals) and D1.920 (companies)) which are used to identify which securities or shares are disposed of if the investor makes a part disposal of a holding of securities or shares with the same terms or rights, or of the same class, in the CDFI, and which it holds in the same capacity.

These rules apply, for the purpose of identifying the securities or shares disposed of, where an investor disposes of part of a holding of securities or shares, and the holding includes securities or shares, to which CITR scheme tax relief is attributable

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