Statute
Section 127 — Taxation of Chargeable Gains Act 1992: Equation of original shares and new holding.
Text of the provision Official document
Equation of original shares and new holding. 127 Subject to sections 128 to 130, a reorganisation shall not be treated as involving any disposal of the original shares or any acquisition of the new holding or any part of it, but the original shares (taken as a single asset) and the new holding (taken as a single asset) shall be treated as the same asset acquired as the original shares were acquired.
Official source: legislation.gov.uk
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