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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Stock dividends: IT treatment

This description is given purely to put the Capital Gains Tax legislation in context. You must refer to the instructions at CT1700+ for detailed guidance on ICTA88/S249-ICTA88/S251. Although the legislation does not apply to corporate shareholders see CG58791 for the treatment of close companies if the stock dividend was made in an accounting period which began on or before 31 March 1989.