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CITM8005 | Restructuring of community development finance institutions (CDFIs): Interaction with capital gains tax

From HM Revenue & Customs · Community investment tax relief manual

Where an investment is eligible for relief under the CITR scheme the normal capital gains tax treatment of those investments provided for by the Taxation of Chargeable Gains Act 1992 are disapplied in certain circumstances. Those circumstances include:

CITM8010rights issues
CITM8020share reorganisations involving the exchange of shares for qualifying corporate bonds, and
CITM8030company reconstructions and amalgamations involving the exchange of shares in or debentures of one company for shares in, or debentures of another company.