Shares purchased from parent company after a re-organisation are to be valued at the base cost of their acquisition by the parent company.
Citations:
Gazette 08-Feb-1995, Times 22-Nov-1994, Ind Summary 30-Jan-1995
Statutes:
Income and Corporation Taxes Act 1970 273(1)
Capital Gains Tax
Updated: 09 April 2022; Ref: scu.84164