# Finance Act 1990, Paragraph 7

Extent: E+W+S+N.I.

Where the IBA have before the transfer date disposed of (or of their interest in) any assets used, throughout the period of ownership, wholly or partly for the purposes of the part of their trade transferred to the nominated company under the principal Act, sections 152 to 156 of the 1992 Act (roll-over relief on replacement of business assets) shall have effect in relation to that disposal as if the IBA and the nominated company were the same person.

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Source: https://www.legislation.gov.uk/ukpga/1990/29/schedule/12/paragraph/7 (the official version)
Page: https://openlegislation.uk/finance-act-1990/schedule-12/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.