TCGA92/Sch7AC/Para 4 generally applies the exemptions available under TCGA92/Sch7AC in priority to the ‘no disposal’ etc. rules in


TCGA92/S127 including any case where TCGA92/S127 is applied by another provision (such as TCGA92/S135) and


If, on the assumption that the no disposal rules in question were not to apply, there would be a disposal and a gain (or loss) on the disposal would be exempted (or made non-allowable), then the rule in question does not apply in relation to the subject matter of the exemption.

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