This guidance describes the capital gains aspects of the regime for Loan Relationships for companies from 1 April 1996 until the first accounting period to start on or after 1 October 2002. For periods beginning on or after 1 October 2002 see CG54100+

Any gain or loss computed under the transitional rules is brought into the Corporation Tax assessment of the company making (or treated as making) the disposal, in the accounting period in which the relevant event occurs. Where the asset has been transferred on a no gain/no loss transfer prior to the relevant event, see CG54060, the chargeable company will be the transferee company, not the company which held the asset at 31 March 1996.

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