I have shares in a company that I acquired at various times between 1977 and 2005. How do I calculate the costs in the new pool (section 104 holding)?
All shares held at 31 March 1982 and which you still hold at 6 April 2008 will go into the new section 104 holding with costs based on their market value at 31 March 1982. All shares acquired since that date are brought into the new section 104 holding at their actual cost. It is possible that shares acquired between 1 April 1982 and 5 April 1998 have constituted an old section 104 holding. Such an old holding will contain two pools of expenditure, the pool of qualifying expenditure and the pool of indexed expenditure. Because of the abolition of indexation allowance, the figure to be taken into the new section 104 holding is the pool of qualifying expenditure.
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