230 Dwelling-houses: special provision
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

230  Dwelling-houses: special provision

(1)     Subsection (2) below applies where—

(a)     a claim is made under section 229,

(b)     immediately after the time of the acquisition mentioned in section 227(5) and apart from this section, any replacement asset was a chargeable asset in relation to the claimant,

(c)     the asset is a dwelling-house or part of a dwelling-house or land, and

(d)     there was a time in the period beginning with the acquisition and ending with the time when section 229(1) or (3) falls to be applied such that, if the asset (or an interest in it) were disposed of at that time, it would be within section 222(1) and the individual there mentioned would be the claimant or the claimant's spouse [or civil partner].

(2)     In such a case the asset shall be treated as if, immediately after the time of the acquisition mentioned in section 227(5), it was not a chargeable asset in relation to the claimant.

(3)     Subsection (4) below applies where—

(a)     the provisions of section 229(1) or (3) have been applied,

(b)

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