For the purpose of determining the gain or loss on any disposal of an asset by an individual where—
treat the consideration given by the individual for the acquisition of the asset as reduced by the amount of the SI relief.
If—
the gain is not a chargeable gain, subject to section 255C.
Despite section 16(2), subsection (2) above does not apply to a disposal on which a loss accrues.
Any question as to—
is to be determined for the purposes of capital gains tax as provided by section 257TA of ITA 2007.
Chapter 1 of this Part has effect subject to subsection (4).
Sections 104, 105 and 106A do not apply to assets to which SI relief is attributable.
There are to be made all such adjustments of capital gains tax, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of SI relief being given or withdrawn.
In this section and sections 255C to 255E "SI relief" means relief under Part 5B of ITA 2007 (income tax relief for investments in social enterprises).
That Part applies for the purposes of this section and sections 255C to 255E to determine whether SI relief is attributable to any asset and, if so, the amount of SI relief so attributable.