Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Community investment tax relief manual

HM Revenue & Customs
, see all updates

Definitions: Meaning of “held continuously”

CTA2010/Part 7/Chapter 6/S267; ITA/s380

An investor is not regarded as having held an investment continuously throughout a period if during that time -

  • the investor is deemed for the purposes of capital gains tax to have disposed of and immediately reacquired the securities or shares, or
  • a corporate investor is treated as having disposed of the investment in the circumstances where it retains them following a scheme of reconstruction or amalgamation