# Taxation of Chargeable Gains Act 1992, Paragraph 5


Where—
(a) a person makes a disposal of an asset which he acquired on or after 31st March 1982, and
(b) the disposa1 by which he acquired the asset and any previous disposal of the asset on or after 31st March 1982 was a no gain/no loss disposal,
he shall be treated for the purposes of paragraphs 2(1)(c) and 4(1)(b) above as having acquired the asset before 31st March 1982.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/4/paragraph/5 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-4/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.