ANNEX 1:: MINOR CHANGES IN THE LAW MADE BY THE BILL This change is adverse to some taxpayers and favourable to others in principle. But it is expected to have no practical effect as it is in line with current practice. Change 28: Share loss relief: identification of which shares are disposed of: section 148
This change legislates the practice that, if the identification rule in section 576(1) of ICTA identifies that some but not all of the qualifying shares in the mixed holding are disposed of, the rule is also applied to determine which of the qualifying shares are disposed of.
It is stated explicitly in section 148(2)(b) that the rule as amended by Change 27 so applies.