Assets disposed of: series of transactions: husband and wife or civil partners
Where a transaction in a series of linked transactions consists of a disposal between husband and wife or between civil partners within TCGA92/S58, see CG22200+, the provisions of TCGA92/S19 do not affect the amount of the deemed consideration for the disposal under that section. The disposal gives rise to neither a gain nor a loss. It follows that there can be no assessment in relation to that disposal.
Although TCGA92/S19 does not apply to determine the disposal proceeds on a disposal between husband and wife or between civil partners, such a disposal cannot be ignored completely in applying the section. You must still take account of such a disposal in deciding whether you have a series of transactions, for example if a person divided his holding of shares in a private company between his wife or civil partner and his daughter.