5U.K.Subsection (1) of section 174 of the Gains Act (which applies section 41 of that Act to cases where assets have been acquired without gain or loss) shall have effect, without prejudice to paragraph 2 above or paragraph 7(2), 11(3) or (4) or 25(2) below, where there has been—
(a)a relevant transfer,
(b)a disposal to which paragraph 7(2) below applies, or
(c)a disposal falling within paragraph 11(3) or (4) or 25(2) below,
as if the asset to which the transfer or disposal relates had thereby been transferred and acquired in relevant circumstances, within the meaning of that subsection.