# Finance Act 2009, Paragraph 12

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

(1) The second transaction is not to be regarded for the purposes of TCGA 1992 as an acquisition by P or a disposal by Q if—
(a) each of conditions A to C and E to G is met, and
(b) in the case of an interest in land in England ... or Northern Ireland, condition D is met.
(2) Where the interest in the land is replaced as the bond asset by an interest in other land, this paragraph is subject to paragraph 18.
(3) This paragraph is also subject to paragraph 20.

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Source: https://www.legislation.gov.uk/ukpga/2009/10/schedule/61/paragraph/12 (the official version)
Page: https://openlegislation.uk/finance-act-2009/schedule-61/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.