# Taxation of Chargeable Gains Act 1992, Section 248D: Milk quotas


(1) This section applies where—
(a) section 248B applies to a holding (or holdings) of land, and
(b) milk quota is associated with the holding in which the relinquished interest is held and with the holding in which the acquired interest is held.
(2) Section 248B(1), (2) and (4) apply—
(a) to the disposal of quota associated with the holding in which the relinquished interest is held as they apply to the disposal of that interest, and
(b) to the acquisition of quota associated with the holding in which the acquired interest is held as they apply to the acquisition of that interest.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/section/248D (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/section-248D
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.