In 1982, a roll-over relief was introduced in cases where the proceeds of land compulsorily acquired were invested in new land (TCGA 1992, s. 247, 248). The relief applies subject to the following conditions (TCGA 1992, s. 247(1), (5)(b)):

the old land must be disposed of in circumstances where it is (or could have been) subject to compulsory purchase;

the owner must have taken no steps, by advertising or otherwise, to dispose of the old land or to make his willingness to dispose of it known to the acquiring authority or others (HMRC will in practice ignore any event more than three years prior to the disposal – HMRC's Capital Gains Manual CG 61900 and 72200);

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