# Taxation of Chargeable Gains Act 1992, Paragraph 10


Where, but for an election under subsection (3) of section 161, there would be deemed to have been a disposal at any time by any company of any asset—
(a) the amount by which the market value of the asset may be treated as increased in pursuance of that election shall not include the amount of any pre-entry loss that would have accrued on that disposal; and
(b) this Schedule shall have effect as if the pre-entry loss of the last mentioned amount had accrued to that company at that time.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/7A/paragraph/10 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7A/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.