Chargeable gains for companies

Question 1

When was indexation relief frozen?

Answer 1

December 2017 - DO NOT USE ANY INDEX NUMBER AFTER THIS

Question 2

What is the order of the matching rules? (For companies)

Answer 2

1) Shares acquired on the same day as disposal - No indexation allowance
2) Shares acquired during the 9 days before disposal on a FIFO basis - No indexation allowance
3) Shares in the s104 pool (Shares bought more than 9 days before the sale) - Indexation allowance

Question 3

What is a substantial shareholding?

Answer 3

A substantial shareholding is a holding of at least 10% share of the other company, which has been held for a continuous period of 12 months out of the 6 years prior to disposal

1) Own 10% of shares
2) Trading company
3) Own shares 12 months in a 6 year window