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HMRC internal manual

Capital Gains Manual

OEICs: shareholders: shares: classes


OEICs can issue shares of a number of different classes. These include income shares, net or gross accumulation shares and currency shares, see CTM48325. Where an investor switches between classes of share in the same OEIC, TCGA92/S127 can apply. See CG51700+ for further details.

(Authorised unit trusts may issue units of different classes, analogous to an OEIC’s classes of share. Where this is the case, TCGA92/S127 can likewise apply where an investor switches between classes of unit in the same authorised unit trust.)