IFM05440 - Investors in property authorised investment funds (PAIFs): investors within the charge to corporation tax: Disposals
Normal rules for corporation tax on chargeable gains apply when a company disposes of shares in a PAIF.
The only exception to the treatment of disposal is where the shares have been held as part of the long-term fund of a life assurance company. In these circumstances, the shares are treated in the same way as shares in other authorised investment funds 바카라 사이트“ see section 212 of the Taxation of Chargeable Gains Act 1992.