# Finance Act 1974, Paragraph 16


(1) Subject to the provisions of paragraph 2 of Schedule 4 to this Act, the development gain, if any, accruing in respect of a disposal of an interest in land to which the principal section applies shall, if the disposal is one in relation to which [ sections 115 to 121 of the Capital Gains Tax Act 1979 ] ( replacement of business assets) [ apply], be computed as if any claim under [ those sections] as respects the whole or a part of the consideration for the disposal had not been made.
(2) The preceding sub-paragraph shall not affect the subsequent operation of paragraph4 ofSchedule 8 to this Act in relation to such a claim.

---
Source: https://www.legislation.gov.uk/ukpga/1974/30/schedule/3/paragraph/16 (the official version)
Page: https://openlegislation.uk/finance-act-1974/schedule-3/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.