TCGA 1992, s. 222(7) provides a rule to deal with situations where the nature of an individual's interest changes over time. This is further elaborated where there are inter-spouse transfers. It operates by extending the ‘period of ownership’ which is relevant to the calculation of the relief. In no circumstances, however, can account be taken of events before 1 April 1982 (see s. 223(7) and the discussion at ¶60-300).

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