[135 Exchange of securities for those in another company]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

Company reconstructions . . .

[135  Exchange of securities for those in another company]

[(1)     This section applies in the following circumstances where a company (“company B”) issues shares or debentures to a person in exchange for shares in or debentures of another company (“company A”).

(2)     The circumstances are:

Case 1

Where company B holds, or in consequence of the exchange will hold, more than 25% of the ordinary share capital of company A.

Case 2

Where

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