Transactions treated as disposals

The Taxation of Chargeable Gains Act 1992, s. 29 sets out various transactions that will be treated as disposals even where a disposal does not occur and notwithstanding that the person who is deemed to make the disposal does not receive any consideration in the circumstances. The legislation deemed there to be consideration passing equal to the market value of what is acquired.

The circumstances prescribed by s. 29 which will give rise to a deemed disposal are as follows.

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