# Taxation of Chargeable Gains Act 1992, Paragraph 24


(1) This paragraph applies if a disposal is deemed to have been made by a person as a result of paragraph 21 or 22.
(2) The person is treated for the purposes of section 38(1)(c) as having incurred incidental costs of making the deemed disposal equal to the notional costs.
(3) The reference here to the notional costs is to the incidental costs —
(a) which the person would reasonably have expected to have incurred if the deemed sale under paragraph 21 or 22 had been an actual sale, and
(b) which would have been allowable under section 38(1)(c) if there had been an actual sale.

---
Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/5AAA/paragraph/24 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-5AAA/paragraph-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.