If I make a no gain/no loss transfer on or before 5 April 2008, for instance, a transfer to my husband/wife, will he/she retain the benefit of any indexation allowance due on the transfer?
. Indexation allowance will not be stripped out when the person who acquires the asset under a no gain/no loss transfer disposes of it after 5 April 2008. For example, in the case of an inter-spousal transfer, indexation allowance will continue to be included, where applicable, in arriving at the allowable cost to the transferee spouse.
Related Questions
- If I make a no gain/no loss transfer on or before 5 April 2008, for instance, a transfer to my husband/wife, will he/she retain the benefit of any indexation allowance due on the transfer?
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