# Taxation of Chargeable Gains Act 1992, Section 169VO: The appropriate number


(1) The “appropriate number” for the purposes of section 169VN(5) is the number found by multiplying the number of shares that are in the new holding concerned immediately after the reorganisation by the fraction—
A Bwhere—
A is the number of the original shares that were—
(a)subscribed for by the qualifying person,
(b)issued on the relevant issue date, and
(c)continuously held by that person for the period concerned, and
B is the total number of the original shares.
(2) In this section—
“the new holding concerned” has the meaning given by section 169VN(3);
“the original shares” has the meaning given by section 169VN(6);
“the relevant issue date” has the meaning given by section 169VN(4);
“the period concerned” has the meaning given by section 169VN(4).

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Source: https://www.legislation.gov.uk/ukpga/1992/12/section/169VO (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-169VO
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.