[169K Disposal associated with relevant material disposal]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[169K  Disposal associated with relevant material disposal]

[[(1)     There is a disposal associated with a relevant material disposal if—

(a)     condition A1, [A1A,] A2 or A3 is met, and

(b)     conditions B[, C and D] are met.

(1A)     Condition A1 is that an individual (“P”) makes a material disposal of business assets which consists of the disposal of the whole or part of P's interest in the assets of a partnership, and—

(a)     P's disposed of interest is at least a 5% interest in the partnership's assets, and

(b)     at the date of the disposal, no partnership purchase arrangements exist.

[(1AA)     Condition A1A is that P makes a material disposal of business assets which consists of the disposal of the whole of P's interest in the assets of a partnership, and—

(a)     that interest is an interest of less than 5%,

(b)     P holds at least a 5% interest in the partnership's assets throughout a continuous period of at least 3 years in the 8 years ending with the date of the disposal, and

(c)     at the date of the disposal, no partnership purchase arrangements exist.

(1AB)     Subject to subsection (6A), for the purposes of conditions A1

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