# Taxation of Chargeable Gains Act 1992, Section 198A: Ring fence reinvestment: whole consideration reinvested


(1) This section applies if a person (“P”) makes a disposal and acquisition which—
(a) is a ring fence reinvestment, and
(b) qualifies for roll-over relief.
(2) P may make a claim under this section in relation to the disposal and acquisition.
(3) If P makes a claim under this section—
(a) section 152 does not apply to any of the disposal consideration, and
(b) any gain accruing to P on the disposal is not a chargeable gain.
(4) In this section “disposal consideration” means the whole of the consideration obtained on the disposal made by P.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/section/198A (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-198A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.