Where there were losses on the sale of BES shares purchased before 1986, they were valued by applying indexation allowance to the value calculated as acquisition cost less allowable deductions.
Citations:
Times 20-Jul-1998
Statutes:
Taxation of Chargeable Gains Act 1992 53
Jurisdiction:
England and Wales
Capital Gains Tax
Updated: 25 March 2022; Ref: scu.85097
