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CG50200 - Definitions meaning of a ‘share’
The Taxation of Chargeable Gains Act 1992 (TCGA92) uses a number of statutory definitions. This guidance looks at some of the more commonly used definitions. Other definitions will be given at the appropriate places elsewhere in the guidance.
Shares and shareholder rights
There is no statutory definition of a share. It therefore has its ordinary meaning which is a share in, a definite portion of, a company’s share capital. A company’s share capital consists of the funds subscribed to the company by its members, the shareholders. Shares represent the shareholders’ interest in or ownership of the company.