A-Z index

Shares

CGT events affecting shares and units
You may have to pay tax on any capital gain you make on shares or units when a CGT event happens, such as when you sell them or even when you dispose of them involuntarily such as where a company in which you hold shares is taken over by or merges with another company.
Debt and equity tests
The New Business Tax System (Debt and Equity) Act 2001 determines what is equity in a company and what is debt in an entity for tax purposes.