Taxation of Chargeable Gains Act 1992 section 103F

Exchange of units for units in the same scheme

Section 103F sets out the circumstances in which an exchange of units for new units within the same collective investment scheme will be treated as a tax-neutral reorganisation rather than as a disposal giving rise to a chargeable gain or allowable loss.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.