FA12/S116

Background

The rules for determining the extent to which a chargeable gain or allowable loss is referable to BLAGAB are detailed at LAM05100. In summary where assets are matched with BLAGAB liabilities the gains on disposal (or deemed disposal) of those assets will be referable to BLAGAB. If the assets are not matched then chargeable gains or allowable losses will be allocated on the basis of a commercial method.

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