198 Replacement of business assets used in connection with oil fields
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

198  Replacement of business assets used in connection with oil fields

(1)     If the consideration which a person obtains on a material disposal is applied, in whole or in part, as mentioned in subsection (1) of section 152 or 153, that section shall not apply unless the new assets are taken into use, and used only, for the purposes of the ring fence trade.

(2)     Subsection (1) above has

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