805. Disposals between spouses and civil partners.

If in any tax year1 an individual is living with his spouse or civil partner2 and one of them disposes of an asset to the other, both are treated as if the asset was acquired from the one making the disposal for a consideration of such amount as would secure that on the disposal neither a gain nor a loss would accrue to the one making the disposal3. This does not, however, apply if until the disposal, the asset formed part of trading stock of a trade carried on by the one making the disposal, or if the asset