Section 103 Business assets: roll-over relief.

(1)

Section 193 of the M1Taxation of Chargeable Gains Act 1992 (roll-over relief not available for gains on oil licences) shall cease to have effect.

(2)

This section has effect in relation to—

(a)

a disposal of a licence or an interest in a licence which occurs on or after 1st July 1999;

(b)

an acquisition of a licence or an interest in a licence which occurs on or after 1st July 1999.

Annotations