Depreciatory intra-group asset transfers: asset identity rule
Cost is defined by TCGA92/S32 (3) as the aggregate of
- any capital expenditure incurred by the company in acquiring or providing the asset, and
- any other capital expenditure incurred by the company in respect of the asset while owned by the company.
Finance Act 2011 introduced a new Targeted Anti-Avoidance Rule for disposals of shares and securities by companies on or after 19 July 2011. See CG48500+.