Modifications etc. (not altering text)
C1Pt. 8 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 6(1)
C2Pt. 8 modified (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 601, 1184(1) (with Sch. 2)
C3Pt. 8 modified (1.10.2011) by Postal Services Act 2011 (c. 5), s. 93(2)(3), Sch. 2 para. 6(1); S.I. 2011/2329, art. 3
C4Pt. 8 modified (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by Localism Act 2011 (c. 20), ss., 240(5)(o), Sch. 24 para. 1(3); S.I. 2012/628, art. 3(b)
C5Pt. 8 modified (1.4.2012) by Budget Responsibility and National Audit Act 2011 (c. 4), s. 29, Sch. 4 para. 3(1); S.I. 2011/2576, art. 5
C6Pt. 8 modified (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 88(1)(2)(7) (with s. 147, Sch. 17)
C7Pt. 8 modified (6.4.2020) by Finance Act 2019 (c. 1), Sch. 5 paras. 35, 45 (with Sch. 5 para. 36)
(1)For the purposes of section 829(1), any disposal within section 171 of TCGA 1992 (transfers within a group) is ignored.
(2)For the purposes of section 829(3), any transfer by one member of a group to another is ignored.
(3)This subsection applies if—
(a)a person (“A”) acquires securities on a transfer that is ignored under subsection (1), and
(b)any previous transfer that has occurred was ignored under subsection (1) or (2).
(4)If subsection (3) applies, a subsequent realisation of the securities by A is treated as a realisation by the transferor.
(5)This subsection applies if—
(a)a person (“B”) acquires an asset on a transfer that is ignored under subsection (2), and
(b)no previous transfer has occurred that was not ignored under subsection (1) or (2).
(6)If subsection (5) applies, a subsequent realisation of the asset by B is treated as a realisation by the transferee.