[SCHEDULE 8B Hold-over Relief for Gains Re-invested in Social Enterprises]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[SCHEDULE 8B Hold-over Relief for Gains Re-invested in Social Enterprises]

[Section 255A]

[When does the Schedule apply?

1

(1)     This Schedule applies if—

(a)     a chargeable gain accrues to an individual (“the investorâ€),

(b)     the investor acquires one or more assets (“the social holdingâ€),

(c)     the investor is eligible for SI relief under Part 5B of ITA 2007 in respect of the consideration given for the social holding, and

(d)     conditions A, B, C, D and E are met.

(2)     Condition A is that the gain is one that accrues—

(a)     on the disposal by the investor of an asset,

(b)     in accordance with section 169N (but see sub-paragraph (7)), or

(c)     as a result of the operation of paragraph 5 in connection with a chargeable event within paragraph 6(1)(c) or (d).

(3)     Condition B is that the gain is one that accrues—

(a)     on or after 6 April 2014, and

(b)     before [6 April 2023] (but see sub-paragraph (8)).

(4)     Condition C is that the investor is resident in the United Kingdom—

(a)     when the gain accrues, and

(b)     when the social holding is acquired.

(5)     Condition D is that

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