[CG13200] CG13200 – Value shifting/depreciatory transactions: general
There are various ways in which value can be taken out of assets. The value can be extracted as money, or money's worth; or it may be passed into other assets. Without special rules, transactions of this kind could be manipulated so that the passing of value is not subject to tax, yet allowable losses could arise on a subsequent disposal of the asset from which value has been stripped.
Where you think that value has been extracted from assets you should consider whether the provisions of