Taxes Consolidation Act 1997 section 581

Disposals of shares or securities within 4 weeks of acquisition

Section 581 is an anti-avoidance measure designed to prevent the manipulation of capital losses through the disposal and reacquisition of shares or securities of the same class within a four-week period.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.