[248B Calculation of relief]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[248B  Calculation of relief]

[[(1)     If the amount or value of the consideration for the disposal of the relinquished interest is equal to or less than the amount or value of the consideration for the acquired interest, the landowner, on making a claim, is to be treated for the purposes of this Act—

(a)     as if the consideration for the disposal of the relinquished interest were of such amount as would secure that on the disposal neither a gain nor a loss accrues to the landowner, and

(b)     as if the amount

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