[103F Exchanges of units for units in the same scheme]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[103F  Exchanges of units for units in the same scheme]

[(1)     This section applies in the following cases.

Case 1

³—

(a)     a participant in a collective investment scheme exchanges units in the scheme for other units in the scheme (“new units”) of substantially the same value, and

(b)     the property subject to the scheme and the rights of participants to share in

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