[184E Sections 184A and 184B: “pre-change assets”: basic rules]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[184E  Sections 184A and 184B: “pre-change assets”: basic rules]

[(1)     If—

(a)     a company other than the relevant company makes a disposal of an asset, and

(b)     the asset has been disposed of at any time after the relevant time by a disposal to which section 171(1) does not apply (a “non-section 171(1) transfer”),

the asset ceases to be regarded as a pre-change asset for the purposes of sections 184A and 184B (but see also subsections (10) and (11)).

(2)     But (without affecting the generality of the provision made by the following subsection) if, on a non-section 171(1) transfer,—

(a)     an asset would cease to be regarded as a pre-change asset as a result of subsection (1), and

(b)     the company making the non-section 171(1) transfer retains any interest in or over the asset,

that interest is to be regarded as a pre-change asset for the purposes of sections 184A and 184B.

(3)     If—

(a)     the relevant company or any other company holds an asset (“the

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