[105A Shares acquired on same day: election for alternative treatment]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[105A  Shares acquired on same day: election for alternative treatment]

[(1)     Subsection (2) below applies where an individual—

(a)     acquires shares (“the relevant shares”) of the same class, on the same day and in the same capacity, and

(b)     some of the relevant shares (“the [tax-advantaged-scheme] shares”) are shares acquired by him as a result of—

[(i)     the exercise of a qualifying option within the meaning given by section 527(4) of ITEPA 2003 (enterprise management incentives) in circumstances where section 530 or 531 of that Act (exercise of option to acquire shares) applies, or

(ii)     the exercise of an option to which Chapter 7 or 8 of Part 7 of that Act (. . . share option schemes) applies in circumstances where section 519(1) or 524(1) of that Act applies].

(2)     Where the individual first makes a disposal of any of the relevant shares, he may elect for subsections (3) to (5) below to have effect in relation to that disposal and all subsequent disposals of any of those shares.

(3)     In circumstances where section 105 applies, that section shall have effect as if—

(a)     paragraph

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