Disposals to a Successor Association – TCGA92/S264(4)

Where the property is disposed of to a successor association, the existing association and the successor association are treated for capital gains purposes as if the land disposed of was acquired from the existing association for a consideration of such an amount as would secure that, on the disposal, neither a gain nor a loss accrued to the existing association. The successor association is treated as having incurred the same costs as the existing association.

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