{
  "url": "https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992/section-26D",
  "json_url": "https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992/section-26D.json",
  "legislation": "ukpga/1979/14",
  "legislation_title": "Capital Gains Tax Act 1979 (repealed 6.3.1992)",
  "legislation_url": "https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992",
  "path": "section/26D",
  "kind": "section",
  "number": "26D",
  "heading": null,
  "text": "(1) Where—\n(a) but for sections 78 and 85(3) below, section 26 above would have effect as respects the disposal by a company (“the disposing company”) of an asset consisting of shares in or debentures of another company (“the original holding”) in exchange for shares in or debentures of a further company which, immediately after the disposal, is not a member of the same group as the disposing company, and\n(b) if section 26 above had effect as respects that disposal, any allowable loss or chargeable gain ac*cruing on the disposal would be calculated as if the consideration for the disposal were increased by an amount,\nthe disposing company shall be treated for the purposes of section 79(2) below as receiving, on the reorganisation of share capital that is treated as occurring by virtue of section 85(3) below, that amount for the disposal of the original holding.\n(2) For the purposes of subsection (1) above it shall be assumed that section 86 below has effect generally for the purposes of this Act, and in that subsection “group” has the same meaning as in sections 26 to 26C above.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 26D inserted by Finance Act 1989 (c. 26, SIF 63:2), s. 137"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "S. 26D has effect where reduction in value, by reason of which the amount referred to in s. 26D(1)(b) falls to be calculated, occurred on or after 14 March 1989"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1979/14/section/26D",
    "retrieved_at": "2026-10-29T10:18:25.768570+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}