43 Roll-over of degrouping charge on business assets
Finance Act 2002 (2002 c 23) | Legislation

43  Roll-over of degrouping charge on business assets

(1)     After section 179A of the Taxation of Chargeable Gains Act 1992 (c 12) (inserted by section 42 above) insert—

“179µþ

Roll-over of degrouping charge on business assets

(1)     Where a company is treated by virtue of section 179(3) or (6) as having sold and immediately reacquired an asset at market value, relief under section 152 or 153 (roll-over relief on replacement of business assets) is available in accordance with this section in relation to any gain accruing to the company on the deemed sale.

(2)     For this purpose, sections

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