# Housing and Regeneration Act 2008, Paragraph 7


(1) This paragraph applies in respect of property transferred under a transfer scheme from—
(a) the Urban Regeneration Agency,
(b) the Commission for the New Towns, or
(c) the Housing Corporation.
(2) Section 17 of TCGA (disposals and acquisitions treated as at market value) shall not apply.
(3) For the purposes of TCGA the transfer (in relation to the transferor and the transferee) is to be taken as being a disposal for a consideration such that neither gain nor loss accrues.

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Source: https://www.legislation.gov.uk/ukpga/2008/17/schedule/7/paragraph/7 (the official version)
Page: https://openlegislation.uk/housing-and-regeneration-act-2008/schedule-7/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.