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Section 35A: Disposal of asset acquired on no gain/no loss disposal

Taxation of Chargeable Gains Act 1992 · 1992 c. 12View on legislation.gov.uk

Part II: General Provisions relating to computation of gains and acquisitions and disposals of assets — Chapter III: Computation of gains: General provisions

This section applies for the purposes of capital gains tax in relation to a disposal of an asset if—

the person making the disposal acquired the asset after 31 March 1982 and before 6 April 2008,
the disposal by which the person acquired the asset ("the relevant disposal"), and any previous disposal of the asset after 31 March 1982, was a disposal on which, by virtue of any enactment, neither a gain nor a loss accrued to the person making the disposal, and
section 35(2) did not apply to the relevant disposal.

It is to be assumed that section 35(2) did apply to the relevant disposal (and that section 56(2) applied to the relevant disposal accordingly).

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.