Chargeable gains: restriction of lossesU.K.
10(1)If there has been a disposal of an asset—U.K.
(a)constituted by a relevant transfer, or
(b)by virtue of provision made under paragraph 4 of Schedule 19,
subsection (8) of section 41 of the 1992 Act (which applies that section to cases where assets have been acquired without gain or loss) is to have effect as if the asset had been disposed of and acquired in circumstances mentioned in that subsection.
(2)This paragraph is not to prejudice paragraph 9.