Date-stamp loading
Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 3 December 1997 - onwards
  Version 2 of 2    

592. Reduced rate of capital gains tax on certain disposals of shares by individuals.

Repealed from 3 December 1997

(1) In this section -

"disposal" does not include a relevant disposal within the meaning of section 648;

"ordinary share capital" has the same meaning as in section 2;

"ordinary shares" means shares forming part of a company's ordinary share capital;

"period of ownership", in relation to an individual making a disposal of qualifying shares, means the individual's period of continuous ownership of the shares in the same capacity ending on the date of such disposal and, for the purposes of this definition, where the shares were acquired by the individual on the death of that individual's spouse so that the individual's period of ownership would apart from this definition be treated as having commenced on the date of that death, the individual's period of ownership shall be deemed to be extended to include the individual's spouse's period of ownership ending on that date;

"qualifying company" shall be construed in accordance with subsection (2);

"qualifying shares", in relation to a

Comparing proposed amendment...