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Section 169VQ: Exchange of shares for those in another company

Taxation of Chargeable Gains Act 1992 · 1992 c. 12View on legislation.gov.uk

Part V: Transfer of business assets, business asset disposal relief and investors' relief — Chapter 5: Investors' relief

This section applies where section 135 applies in relation to an issue of shares in a company ("company B") in exchange for shares in another company ("company A").

For the purposes of sections 169VN to 169VP—

companies A and B are to be treated as if they were the same company, and
the exchange of shares is to be treated as if it were a reorganisation of that company's share capital.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.