UK legislation includes anti avoidance provisions which prevent abuse of the no gain/no loss and rollover rules at TCGA 1992 sections 140A – K. These anti-avoidance provisions are consistent with the anti avoidance provisions within the ETMD.

Principal Related anti- Notes
statute avoidance provision
TCGA92/S140A TCGA92/S140B
TCGA92/S140C TCGA92/S140D
TCGA92/S140E TCGA92/S140E(8)
TCGA92/S140F TCGA92/S140E(8) Imported by s140F(5)
TCGA92/S140G TCGA92/S140E(8) Imported by s140G(5)
TCGA92/S140H TCGA92/S137
TCGA92/S140I TCGA92/S140 S140I depends on the transfer being of a kind mentioned in s140A(1) or (1A); if s140B applies then the transfer cannot be of such a kind
TCGA92/S140J TCGA92/S140E(8) S140J depends on the transfer being of a kind mentioned in s140E(1); if s140E(8) applies then the transfer cannot be of such a kind
TCGA92/S140K TCGA92/S140B and TCGA92/S140E(8) S140K(1)(c) requires that there be a merger or transfer to which s140E or S140A(1A) apply: those sections are prevented from applying where avoidance is present

The anti avoidance provisions include two independent tests. If either one of those tests is failed then the effect of the anti avoidance provision is that the section concerned does not apply.

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