CG47032 - Targeted anti-loss buying rule - definition of pre-change asset

A “pre-change asset” is defined as an asset owned by the relevant company before the change of ownership. There are specific rules to ensure the continuity of identification of a pre-change asset where gains and losses on such assets are deferred or rolled over by virtue of the application of various other provisions in TCGA 1992 (see CG47033 to CG47033B).