IFM09345 | Taxation of investors: Chargeable gains: Deemed disposal: calculation of the gain on a deemed disposal and reacquisition of units at market value

Each participant in the RIF is deemed immediately before the deemed disposal event (IFM09340) to have sold their units in the RIF and reacquired those units at market value and any deemed gain treated as accruing to them.

Regulation 26 sets out rules about when gains arising on these deemed disposals are treated as accruing to participants (IFM09350).