[169N Amount of relief: general]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[169N  Amount of relief: general]

[(1)     Where a claim is made in respect of a qualifying business disposal—

(a)     the relevant gains (see subsection (5)) are to be aggregated, and

(b)     any relevant losses (see subsection (6)) are to be aggregated and deducted from the aggregate arrived at under paragraph (a).

[(2)     The resulting amount is to be treated for the purposes of this Act as a chargeable gain accruing at the time of the disposal to the individual or trustees by whom the claim is made.

(3)     The rate of capital gains tax in respect of that gain is 10%, but this is subject to subsections (4) to (4B).

(4)     Subsections (4A) and (4B) apply if the aggregate of—

(a)     the gain mentioned in subsection (2), and

(b)     the total of so

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