# Finance Act 1999, Section 103: Business assets: roll-over relief.


(1) Section 193 of the Taxation 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.

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Source: https://www.legislation.gov.uk/ukpga/1999/16/section/103 (the official version)
Page: https://openlegislation.uk/finance-act-1999/section-103
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.