Section 879H | Pre-FA 2019 relevant asset: the fourth case

(1)For the purposes of this Chapter a relevant asset of a company is a pre-FA 2019 relevant asset if—

(a)the company acquired the asset on or after 1 April 2019 directly or indirectly in consequence of, or otherwise in connection with, a disposal of a relevant asset by another person, and

(b)the asset disposed of would have been a pre-FA 2019 relevant asset in the hands of the company had the person transferred it to the company at the time of the disposal.

(2)For the purposes of this section it does not matter whether—

(a)the asset disposed of is the same asset as the acquired asset,

(b)the acquired asset is acquired at the time of the disposal, or

(c)the acquired asset is acquired by merging assets or otherwise.