This section has no associated Explanatory Notes
9U.K.For the purposes of the Taxation of Chargeable Gains Act 1992 (c. 12), a transfer of an asset by a transfer scheme is to be treated as a disposal of that asset to the Council for a consideration of such amount as would secure that, on the disposal, neither a gain nor a loss accrues to the transferor.
Commencement Information
I1Sch. 4 para. 9 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.