»Ê¹ÚÌåÓýapp

FA00/SCH15/PARA79

Where a chargeable event occurs in relation to any shares (in relation to which there has not been a previous chargeable event) a chargeable gain accrues to the investing company at the time of the event. »Ê¹ÚÌåÓýapp amount of this revived gain is equal to the amount of the deferred gain that is attributed to the shares in question on a pro rata basis.

Example

An investing company subscribes £100,000 for 200,000 shares for which it obtains investment relief. Of this expenditure £40,000 is set against a gain of £40,000 and £20,000 is set against a gain of £20,000. »Ê¹ÚÌåÓýappse gains are deferred. »Ê¹ÚÌåÓýapp deferred amounts of £40,000 and £20,000 are each attributed to all the shares. If the company disposes of 50,000 of the shares (1/4 of the total 200,000) at a time when no investment relief attributable to them has been withdrawn, the disposal will cause chargeable gains of £10,000 and £5,000 (1/4 of each deferred gain) to be revived.