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HMRC internal manual

Capital Gains Manual

Groups: indexation on no gain/no loss disposals: general

TCGA92/S56 (2)

The effect of TCGA92/S56 (2) is that the amount of the consideration on a no gain/no loss disposal takes account of the indexation allowance due to the transferor. See CG17730+ concerning the treatment of no gain/no loss disposals under the indexation loss restrictions which apply from 30 November 1993. See also CG51623+ concerning the special rule for share pools where there is a no gain/no loss disposal on or after 30 November 1993.