TCGA1992/Sch7AC/Para 10 contains the rules for no gain/no loss transactions. Where the company making the disposal of the shares acquired them by way of a no gain/no loss transfer, the period over which it is treated as if it held the shares is extended back through any series of such transfers. Also, the company making the disposal is treated as having been entitled to the rights enjoyed by the holders of the shares over this period.
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