Paragraph 7
United Kingdom
For the purposes of this Schedule a no gain/no loss disposal is one on which by virtue of any of the F1no gain/no loss provisions neither a gain nor a loss accrues to the person making the disposal.
Annotations
Textual amendments
- F1
Words in Sch. 4 para. 7 substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by Finance Act 2008 (c. 9), Sch. 2 para. 66