Section 198F Qualification for roll-over reliefF1

(1)

This section applies for the purposes of sections 198A and 198B and section 198G.

(2)

A disposal and acquisition qualifies for roll-over relief if—

(a)

the consideration for the disposal is applied in an acquisition as mentioned in section 152(1), and

(b)

section 152(1)(a) and (b) would apply to the disposal and acquisition if the appropriate claim were made.

(3)

Subsections (4) to (6) apply in deciding whether a disposal and acquisition is one that qualifies for roll-over relief.

(4)

Section 152(8) is to be disregarded.

(5)

Section 198A is to be disregarded.

(6)

Subject to subsections (4) to (5), all the circumstances are to be taken into account, including section 153(1) and section 198(1) and (2).

Annotations

F1: Ss. 198A-198G inserted (with effect in accordance with Sch. 40 para. 13 of the amending Act) by Finance Act 2009 (c. 10), Sch. 40 para. 12