Treatment of no gain / no loss transfers

There are several circumstances in which the chargeable gains regime deems the consideration received for the disposal of an asset to have been an amount that gives rise to neither a gain nor a loss for the transferor (a complete list of the ‘no gain/ no loss provisions’ is at TCGA92/S288(3A)). Of these, the one most likely to be relevant here is TCGA92/S171, which deals with transfers of assets within a group of companies.

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