4U.K.For the purposes of the Taxation of Chargeable Gains Act 1992 a disposal constituted by a relevant transfer is to be treated in relation to the transferor and transferee as made for a consideration such that no gain or loss accrues to the transferor.
Commencement Information
I1Sch. 2 para. 4 in force at 1.10.2011 by S.I. 2011/2329, art. 3