[169VP Reorganisations where consideration given]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[169VP  Reorganisations where 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 gives or becomes liable to give consideration for shares (“shares issued for consideration”) which—

(i)     are issued to that person on the reorganisation, and

(ii)     immediately after the reorganisation are

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