7U.K.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.
Textual Amendments
F1Words 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