# The British Waterways Board (Tax Consequences) Order 2012, Article 5: Chargeable gains: no gain or loss on disposal


(1) For the purposes of TCGA 1992, a disposal constituted by a relevant transfer is to be treated in relation to BWB and CRT, or CRT CIC, as made for a consideration such that no gain or loss accrues to BWB.
(2) For the purposes of any tax provision, paragraph (1) is to be treated as one of the no gain/no loss provisions in section 288(3A) of TCGA 1992 (meaning of “the no gain/no loss provisions”).

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Source: https://www.legislation.gov.uk/uksi/2012/1709/article/5 (the official version)
Page: https://openlegislation.uk/british-waterways-board-tax-consequences-order-2012/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.