# Localism Act 2011, Paragraph 6


(1) For the purposes of the Taxation of Chargeable Gains Act 1992, a disposal constituted by a transfer within sub-paragraph (2) 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.
(2) A transfer is within this sub-paragraph if—
(a) it is a transfer in accordance with a transfer scheme under section 190 of property, rights or liabilities of the Homes and Communities Agency and the transferee is a public body, or
(b) it is in accordance with a transfer scheme under section 191 and the transferee is a public body.
(3) In section 288(3A) of the Taxation of Chargeable Gains Act 1992 (meaning of the “no gain/no loss provisions”) at the end insert—
“(m) paragraph 6(1) of Schedule 24 to the Localism Act 2011.”

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Source: https://www.legislation.gov.uk/ukpga/2011/20/schedule/24/paragraph/6 (the official version)
Page: https://openlegislation.uk/localism-act-2011/schedule-24/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.