128 Consideration given or received by holder
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

128  Consideration given or received by holder

(1)     Subject to subsection (2) below, where, on a reorganisation, a person gives or becomes liable to give any consideration for his new holding or any part of it, that consideration shall in relation to any disposal of the new holding or any part of it be treated as having been given for the original shares, and if the new holding or part of it is disposed of with a liability attaching to it in respect of that consideration, the consideration given for the disposal shall be adjusted accordingly.

(2)     There shall not be treated as consideration given for the new holding or any

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