SolvedCG45751 | Harbour authorities
From HM Revenue & Customs · Capital Gains Manual
This section repealed by FA 2012 s 227, Sch 39 para 15 with effect in relation to any transfer occurring on or after 1 April 2013.
Prior to this there was a no gain/no loss rule for assets transferred to harbour authorities. This applied where a body corporate other than a limited company transfers a trade to a harbour authority under a certified harbour reorganisation scheme providing for the dissolution of the transferor.