3(1)If a gain attributable to a Part 5 transfer accrues to the transferor, it is not a chargeable gain.
(2)But if a compensating payment is made to the transferor—
(a)sub-paragraph (1) does not apply, and
(b)the consideration for the transfer is the amount of the compensating payment.
(3)If a gain attributable to the forfeiture under section 298 of property consisting of—
(a)notes or coins in any currency other than sterling,
(b)anything mentioned in section 289(6)(b) to (d), if expressed in any currency other than sterling, or
(c)bearer bonds or bearer shares,
accrues to the person who holds the property immediately before the forfeiture, it is not a chargeable gain.
(4)This paragraph has effect as if it were included in Chapter 1 of Part 2 of the Taxation of Chargeable Gains Act 1992 (c. 12).