56 Part disposals and disposals on a no-gain/no-loss basis
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

56  Part disposals and disposals on a no-gain/no-loss basis

(1)     For the purpose of determining the indexation allowance (if any) on the occasion of a part disposal of an asset, the apportionment under section 42 of the sums which make up the relevant allowable expenditure shall be effected before the application of section 54 and, accordingly, in relation to a part disposal—

(a)     references in section 54 to an item of expenditure shall be construed as references to that part of that item which is so apportioned for the purposes of the computation of the unindexed gain . . . on the part disposal; and

(b)

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