Commentary

C2.111 No gain/no loss disposals

Capital gains tax
Capital gains tax | Commentary

C2.111 No gain/no loss disposals

Capital gains tax | Commentary

C2.111 No gain/no loss disposals

A device frequently employed by the capital gains tax legislation, particularly in relation to reliefs, is to treat a disposal as being for such consideration as gives rise to neither a gain nor a loss. In such a case the consideration is taken to be an amount equal to the sum of the allowable expenditure in respect of the disposal, and the indexation allowance (if any) in respect of that expenditure1. A list of transactions treated as no gain/no loss transactions is in C2.603.

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