StatuteTaxation of Chargeable Gains Act 1992

Section 198B — Taxation of Chargeable Gains Act 1992: Ring fence reinvestment: part of consideration reinvested

Text of the provision Official document

Ring fence reinvestment: part of consideration reinvested 198B 1 This section applies if a person (“P”) makes a disposal and acquisition which—

a is a ring fence reinvestment, and b qualifies for section 153 relief.

2 P may make a claim under this section in relation to the disposal and acquisition.

3 If P makes a claim under this section—

a section 153(1)(a) applies in relation to P and the disposal, but b section 153(1)(b) does not apply to P and the acquisition.

There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.

See judgments from UK courts and tribunals with a plain-English summary and legal holding.