# Finance Act 2009, Paragraph 3


In section 55 (assets owned on 31 March 1982 or acquired on a no gain/no loss disposal), after subsection (5) insert—
“(5A) For the purposes of subsection (5), a disposal is also a no gain/no loss disposal if it is one on which, by virtue of section 195B, 195C or 195E, neither a gain nor a loss accrues to the person making the disposal; but, in such a case, subsection (6)(b) below does not apply.”

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Source: https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-2009/schedule-40/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.