CG11800 - Shares and securities: introduction
Paragraphs CG50200 - CG59999 deal with shares and securities. They are mainly concerned with the position of the holder of the shares or securities but occasionally it will be necessary to look at the role of the company which issued the share or security. It is important to remember that the company and its shareholders and other participators are separate legal persons. The company is chargeable on the disposal of its assets. The shareholder is chargeable on the disposal of his or her shares or securities.
In the case of certain non-resident companies shareholders can be chargeable on disposals made by their company, see CG57200+. Also from 6 April 2019 for non-resident persons where there is an indirect disposal of an interest in UK land see CG73920+.
CG50200+ introduces definitions and gives some background on the issue of shares. Subsequent paragraphs deal with:
Share identification rules and share pooling |
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Share reorganisations |
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Company reconstructions and |
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amalgamations |
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Substantial shareholdings exemption |
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Securities |
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Options and futures |
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Employee share schemes |
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Particular types of company/organisation |
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Particular types of transaction |
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Valuation of shares and securities |