SCHEDULES
SCHEDULE 4Transfer of property etc to Council
Chargeable gains: asset to be treated as disposed of without a gain or loss
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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 F1Citizens Advice for a consideration of such amount as would secure that, on the disposal, neither a gain nor a loss accrues to the transferor.