Related Commentary  Related CasesRelated HMRC Manuals


The wording of the heading to s. 58 substituted for “Husband and wife” by SI 2005/3229, reg. 107(3), with effect from 5 December 2005.

58(1)  If, in any year of assessment,–

(a)an individual is living with his spouse or civil partner, and

(b)one of them disposes of an asset to the other,

both shall be treated as if the asset was acquired from the one making the disposal for a consideration of such amount as would secure that on the disposal neither a gain nor a loss would accrue to the one making the disposal.

58(2)  This section shall not apply–

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