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CG55052 | Conversion of securities: compensation stock: identification rules

From HM Revenue & Customs · Capital Gains Manual

There are separate identification rules for the disposal of compensation gilts, TCGA92/S134 (3). These also cover gilts of the same kind which the taxpayer may have acquired by purchase or gift. Disposals should be identified in the following order.

  • First against compensation gilts on a first in/first out basis.

  • Then against non-compensation gilts on a first in/first out basis.