CG51892 - Share reorganisations: apportionment of cost: main rule
TCGA92/S129
The main rule in TCGA92/S129 is that you apportion the acquisition cost attributable to each class of share included in the new holding at the date of disposal of any of these shares, using the formula
base cost x | market value part disposed of |
- | market value part disposed of + market value part retained |
This compares with the ordinary part disposal formula in TCGA92/S42 which is
base cost x | consideration received |
- | consideration received + market value part retained |