Section 198G — Taxation of Chargeable Gains Act 1992: Qualification for section 153 relief

Qualification for section 153 relief 198G 1 This section applies for the purposes of sections 198B and 198C.

2 A disposal and acquisition qualifies for section 153 relief if—

a section 153(1) applies to part of the amount or value of the consideration for the disposal, b section 153(1)(a) and (b) would apply to the disposal and acquisition if the appropriate claim were made, and c the disposal and acquisition would qualify for roll-over relief but for the disapplication of section 152(1) by section 153(1).

3 Subsections (4) to (6) apply in deciding whether a disposal and acquisition is one that qualifies for section 153 relief.

4 Section 153(2) has effect subject to section 198F(4) and (5).

5 Section 198B is to be disregarded.

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