[198C Provisional application of sections 198A and 198B]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[198C  Provisional application of sections 198A and 198B]

[(1)     This section applies where a person (“P”) carrying on a ring fence trade who for a consideration disposes of, or of an interest in, any assets (“the old assets”) declares, in P's return for the chargeable period in which the disposal takes place—

(a)     that the whole or any specified part of the consideration will be applied in the acquisition of, or of an interest in, other assets (“the new assets”),

(b)     that the acquisition will take place as mentioned in section 152(3),

(c)     that the disposal and acquisition will be a ring fence

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