# Finance Act 2000, Paragraph 104

Extent: E+W+S+N.I.

(1) Any gain accruing on the disposal of rights under paragraph 72 (power of trustees to raise funds to subscribe for rights issue) is not a chargeable gain.
(2) Sub-paragraph (1) does not apply to a disposal of rights unless similar rights are conferred in respect of all ordinary shares in the company.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/8/paragraph/104 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-8/paragraph-104
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.