CG56925 - Business Expansion Scheme: share identification rules

  • has acquired shares in respect of which relief has been given and not withdrawn at different times or
  • holds some shares in respect of which relief has been given and not withdrawn and other shares in the same company.

»Ê¹ÚÌåÓýapp normal share identification do not apply to BSS and BES shares of the same class in the same company, TCGA92/S150(4) and (5). Instead you use the BES rules set out in the version of ICTA88/S299 that applied before the introduction of the Enterprise Investment Scheme by FA94, TCGA92/S150(1).

Disposals out of holdings of the same class of shares in a company are identified in the following order -

  1. Shares for which relief given but not withdrawn under BSS,
  2. Shares for which relief given but not withdrawn under BES,

Shares within the above categories identified on a first-in, first out basis (“FIFO�) basis.

  1. Other shares.