The legislation deals with the two types of relief given separately.

TCGA92/SCH4/PARA2 (5)

For disposals from 6 April 2008 halving relief only applies for corporation tax purposes and is limited to the following rolled-over and held-over gains -

TCGA92/S23 (4), (5); previously CGTA79/S21 (4), (5). Roll-over where replacement asset acquired after receipt of compensation or insurance money.

TCGA92/S152; previously CGTA79/S115. Roll-over where replacement asset acquired on disposal of business asset.

TCGA92/S247; previously CGTA79/S111A. Roll-over where replacement land acquired on compulsory acquisition of other land.

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