124 Disposal of shares: relief in respect of income tax consequent on shortfall in distributions
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

Close companies

124  Disposal of shares: relief in respect of income tax consequent on shortfall in distributions

(1)     If in pursuance of section 426 of the Taxes Act (consequences for income tax of apportionment of income etc of close company) a person is assessed to income tax, then, in the computation of the gain accruing on a disposal by him of any shares forming part of his interest

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