Section 169VA — Taxation of Chargeable Gains Act 1992: Overview of Chapter

Overview of Chapter 169VA 1 This Chapter provides for a relief, in the form of a lower rate of capital gains tax, in respect of disposals of (and disposals of interests in) certain ordinary shares in unlisted companies.

2 Section 169VB defines “qualifying shares”, “potentially qualifying shares” and “excluded shares”.

3 Section 169VC creates the relief, and relief under that section is to be known as “investors' relief”.

4 Section 169VD makes provision about disposals from holdings consisting partly of qualifying shares.

5 Sections 169VE to 169VG contain rules for cases where there have been previous disposals from a holding, to determine which shares remain in the holding.

6 Sections 169VH and 169VI make provision about disposals by trustees of a settlement.

7 Section 169VJ makes provision about disposals of interests in shares.

8 Sections 169VK and 169VL provide for a cap on the amount of investors' relief that can be claimed.

9 Section 169VM makes provision about claims for investors' relief.

10 Sections 169VN to 169VT make provision about how investors' relief applies following a company's reorganisation of its share capital, an exchange of shares or securities or a scheme of reconstruction.

11 Sections 169VU to 169VY contain definitions for the purposes of this Chapter.