[210B Disposal and acquisition of [section 119 or 120 securities]]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[210B  Disposal and acquisition of [section 119 or 120 securities]]

[(1)     Subsections (2) to (4) below apply in a case where, within a period of 10 days, an insurance company disposes of a number of [section 119 or 120 securities] and (whether subsequently or previously) acquires a number of [section 119 or 120 securities] if—

(a)     the securities disposed of decrease the size of a [chargeable section 119 or 120 holding],

(b)     the securities acquired increase the size of the same [chargeable section 119 or 120 holding], and

(c)     (apart from this section) an allowable loss would accrue on the disposal.

(2)     The securities disposed of shall be identified with the securities

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