[169VN Reorganisations where no consideration given]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[Reorganisations]

[169VN  Reorganisations where no consideration given]

[(1)     This section applies where—

(a)     there is a reorganisation within the meaning of section 126,

(b)     immediately before the reorganisation, a qualifying person holds ordinary shares which, in relation to that reorganisation, are original shares within the meaning of section 126,

(c)     on the reorganisation that person does not give or become liable to give any consideration for, or for any part of, a new holding, and

(d)     at a time after the reorganisation, there is a disposal of all or part of a new holding.

(2)     In this section a “new holding” means—

(a)

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