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HMRC internal manual

Capital Gains Manual

Harbour authorities


This section repealed by FA 2012 s 227, Sch 39 para 15 with effect in relation to any transfer occurring on or after 1 April 2013.


Prior to this there was a no gain/no loss rule for assets transferred to harbour authorities. This applied where a body corporate other than a limited company transfers a trade to a harbour authority under a certified harbour reorganisation scheme providing for the dissolution of the transferor.