Section 198F — Taxation of Chargeable Gains Act 1992: Qualification for roll-over relief

Qualification for roll-over relief 198F 1 This section applies for the purposes of sections 198A and 198B and section 198G.

2 A disposal and acquisition qualifies for roll-over relief if—

a the consideration for the disposal is applied in an acquisition as mentioned in section 152(1),

and b section 152(1)(a) and (b) would apply to the disposal and acquisition if the appropriate claim were made.

3 Subsections (4) to (6) apply in deciding whether a disposal and acquisition is one that qualifies for roll-over relief.

4 Section 152(8) is to be disregarded.

5 Section 198A is to be disregarded.

6 Subject to subsections (4) to (5), all the circumstances are to be taken into account, including section 153(1) and section 198(1) and (2).