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This note explains the general rules that apply in respect of the disposal of company assets to connected parties and highlights the issues that differ from a transaction between unconnected third parties. For an overview of corporate capital gains see the Corporate capital gains ― overview guidance note.

Generally, disposals between connected parties are deemed to take place at market value, regardless of any actual consideration paid or received. However, in certain circumstances which are discussed below, there may be an adjustment to the base cost of the shares.

See also Simon’s Taxes C2.109 onwards.